The prices in real estate in West Des Moines, in the Iowa 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 West Des Moines has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,642. In the following month the price per sq.feet increased to $3,032. The price for the following two months in (September, October) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $2,170.5 to $177.5 during November, and December.
Based upon to the price in West Des Moines (cities), these have remained the same in the last 6 months. The price in July is $319,760, rising in August till $339,892. In the following two months the average price has remained the same with regard to the previous two months from $329,826 to $326,811. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $328,318.5 to $299,028.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $304,794 they are 46 % more affordable than the average price for West Des Moines. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $270,479.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $219 / sq.feet, with an average $185 / sq.feet price in West Des Moines. The properties with the highest average prices have 4 bedrooms. They are 3074 % more expensive than the average followed by properties with 1 bedroom with a price at $930 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $304,794 it is 16 % cheaper than the average price in West Des Moines. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Office". At a price of $375,801 it is 24 % 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 $133 / sq.feet followed by "Office" priced at $162 / sq.feet. "Apartment" is the most costly type of property with a $3,007 / sq.feet cost followed by "Condo" with an average price of $183 / sq.feet.