The prices in real estate in Wausau, in the Wisconsin region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Wausau has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $127. In August this price pretty much remained the same at a value of $127 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 68 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % 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 $106.5 to $81 during November, and December.
Based upon to the price in Wausau (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during July, is $782,280. During August the price went through a considerable rise reaching $939,100. During the following two months (September, October) the average price had a considerable reduction of 36 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $586,580.5 to $261,300.5, which means a 45 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $286,783 they are 85 % more affordable than the average price for Wausau. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $174,320.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $52 / sq.feet, with an average $83 / sq.feet price in Wausau. The properties with the highest average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $286,783 it is 66 % cheaper than the average price in Wausau. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $183,916 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $60 / sq.feet followed by "Land" priced at $66 / sq.feet. "House" is the cheapest type of property with a $71 / sq.feet value followed by "Land" with an average price of $66 / sq.feet.