The prices in real estate in West Burlington, in the Iowa 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 West Burlington has increased strongly during the last 6 months. In October, the average price per sq.feet was $148. In the following month the price per sq.feet decreased considerably to $124. The price for the following two months in (December, January) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable increase of 217 % 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 $123.5 to $268.5 during February, and March.
Based upon to the price in West Burlington (cities), these have remained the same in the last 6 months. The average price for October is $233,479. During November the price had a considerable reduction till $174,883. During the following two months (December, January) the average price fell 92 % 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 risen strongly 164 % 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 $333,208 they are 77 % more affordable than the average price for West Burlington. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 2 bedrooms priced at $195,616.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $32 / sq.feet, with an average $368 / sq.feet price in West Burlington. The properties with the lowest average prices have 2 bedrooms. They are 71 % cheaper than the average followed by properties with 4 bedrooms with a price at $94 / sq.feet.
With regard to the average price based upon the property in West Burlington we can see that the cheapest property type is "House" at a price of $155,834, they are 53 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 53 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $70 / sq.feet. "House" with an average cost of $70 / sq.feet has the lowest price and would be directed at less affluent cities.