Property prices for sale in Albert Lea (Minnesota)
The prices in real estate in Albert Lea, in the Minnesota region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Albert Lea has remained the same in the last 6 months. In October, the average price per sq.feet was $115. In November this price pretty much remained the same at a value of $116 per sq.feet. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $110.5 to $121.5 during February, and March.
Based upon to the price in Albert Lea (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $217,818. In November This price remains at $228,529. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $209,782 to $187,289.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $189,093 they are 55 % more affordable than the average price for Albert Lea. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $248,226.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $101 / sq.feet, with an average $122 / sq.feet price in Albert Lea. The properties with the highest average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $189,093 it is 60 % cheaper than the average price in Albert Lea. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $193,233 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $75 / sq.feet followed by "House" priced at $121 / sq.feet. "Land" is the most costly type of property with a $51,138 / sq.feet cost followed by "Condo" with an average price of $155 / sq.feet.
