The prices in real estate in Watertown, in the Wisconsin region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Watertown has increased strongly during the last 6 months. In February, the average price per sq.feet was $135. In March this price pretty much remained the same at a value of $134 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 117 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $145 to $169.5 during June, and July.
Based upon to the price in Watertown (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $238,872. In March This price remains at $228,701. During the following two months (April, May) the average price had a considerable increase of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $261,091 they are 41 % more affordable than the average price for Watertown. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $303,894.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $156 / sq.feet price in Watertown. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $261,091 it is 15 % cheaper than the average price in Watertown. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $273,001 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $107 / sq.feet followed by "Farm" priced at $123 / sq.feet. "Condo" is the most costly type of property with a $208 / sq.feet cost followed by "House" with an average price of $178 / sq.feet.