The prices in real estate in Wheaton, in the Illinois 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 Wheaton has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,471. In the following month the price per sq.feet decreased considerably to $199. The price for the following two months in (September, October) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 38 % 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 $512 to $193 during November, and December.
Based upon to the price in Wheaton (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $438,313. In August This price remains at $443,286. During the following two months (September, October) the average price fell 95 % 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 109 % 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 $456,769 they are 78 % more affordable than the average price for Wheaton. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $355,111.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $190 / sq.feet price in Wheaton. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at $192 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $456,769 it is 63 % cheaper than the average price in Wheaton. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Duplex". At a price of $570,515 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $160 / sq.feet followed by "Commercial" priced at $180 / sq.feet. "Duplex" is the most costly type of property with a $226 / sq.feet cost followed by "Farm" with an average price of $208 / sq.feet.