The prices in real estate in Aberdeen, in the South Dakota 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 Aberdeen has increased strongly during the last 6 months. In January, the average price per sq.feet was $84. In the following month the price per sq.feet increased considerably to $788. The price for the following two months in (March, April) had a considerable increment of 446 %. The price per sq.feet has had a considerable increase of 284 % 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 $1,190 to $3,383 during May, and June.
Based upon to the price in Aberdeen (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $208,172. During February the price went through a considerable rise reaching $249,180. During the following two months (March, April) the average price had a considerable increase of 125 % 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 140 % 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 $389,745 they are 60 % more affordable than the average price for Aberdeen. The properties with the lowest average price have 4 bedrooms, Their price is 42 % cheaper than the average. After that we have properties with 1 bedroom priced at $156,208.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $76 / sq.feet, with an average $2,790 / sq.feet price in Aberdeen. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $80 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $389,745 it is 74 % cheaper than the average price in Aberdeen. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $222,514 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $46 / sq.feet followed by "Commercial" priced at $67 / sq.feet. "House" is the cheapest type of property with a $76 / sq.feet value followed by "Commercial" with an average price of $67 / sq.feet.