The prices in real estate in Aitkin, in the Minnesota 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 Aitkin has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $720. In the following month the price per sq.feet increased considerably to $949. In the following two months the price per sq.feet has barely changed, going from $834.5 to $820 per sq.feet. The price per sq.feet has had a considerable deflation of 21 % 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 $827.25 to $170 during September, and October.
Based upon to the price in Aitkin (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $142,963. During June the price went through a considerable rise reaching $164,684. During the following two months (July, August) the price has had an average incrementation from $153,823.5 to $173,107.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 139 % 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 $234,312 they are 13 % more affordable than the average price for Aitkin. The properties with the highest average price have 3 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 4 bedrooms priced at $233,233.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $115 / sq.feet, with an average $134 / sq.feet price in Aitkin. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at $122 / sq.feet.
With regard to the average price based upon the property in Aitkin we can see that most expensive property type is "House" at a price of $235,718, they are 1 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 1 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $136 / sq.feet. "House" at an average price of $136 / sq.feet has the most expensive price and would be directed at more affluent cities.