The prices in real estate in Zionsville, in the Indiana 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 Zionsville has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $2,285. In the following month the price per sq.feet decreased considerably to $161. The price for the following two months in (November, December) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 22 % 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 $683 to $148.5 during January, and February.
Based upon to the price in Zionsville (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $606,056. In October This price remains at $629,398. In the following two months the average price has remained the same with regard to the previous two months from $617,727 to $597,933.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $607,830.25 to $546,623.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $613,867 they are 38 % more affordable than the average price for Zionsville. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 1 bedroom priced at $454,921.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $160 / sq.feet price in Zionsville. The properties with the lowest average prices have 3 bedrooms. They are 3 % cheaper than the average followed by properties with 2 bedrooms with a price at $153 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $613,867 it is 39 % cheaper than the average price in Zionsville. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $461,912 it is 4 % 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 $96 / sq.feet followed by "Condo" priced at $114 / sq.feet. "Apartment" is the cheapest type of property with a $133 / sq.feet value followed by "House" with an average price of $126 / sq.feet.