The prices in real estate in Wisconsin Rapids, 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 Wisconsin Rapids has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $1,953. In the following month the price per sq.feet decreased considerably to $82. The price for the following two months in (October, November) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 15 % 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 $548.75 to $85 during December, and January.
Based upon to the price in Wisconsin Rapids (cities), this has fallen considerably in the last 6 months. The average price for August is $374,600. During September the price had a considerable reduction till $130,149. During the following two months (October, November) the average price had a considerable reduction of 57 % 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 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $281,695 they are 63 % more affordable than the average price for Wisconsin Rapids. The properties with the lowest average price have 3 bedrooms, Their price is 56 % cheaper than the average. After that we have properties with 4 bedrooms priced at $123,736.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $45 / sq.feet, with an average $94 / sq.feet price in Wisconsin Rapids. The properties with the lowest average prices have 3 bedrooms. They are 40 % cheaper than the average followed by properties with 4 bedrooms with a price at $51 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $281,695 it is 79 % cheaper than the average price in Wisconsin Rapids. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $59,442 it is 56 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $35 / sq.feet followed by "Office" priced at $42 / sq.feet. "House" is the cheapest type of property with a $51 / sq.feet value followed by "Office" with an average price of $42 / sq.feet.