The prices in real estate in Albert Lea, in the Minnesota 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 Albert Lea has increased strongly during the last 6 months. In November, the average price per sq.feet was $76. In December this price pretty much remained the same at a value of $76 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 118 % 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 $82 to $96.5 during March, and April.
Based upon to the price in Albert Lea (cities), this has gone up considerably in the last 6 months. The average price for November is $134,284. During December the price had a slight fall till $118,067. During the following two months (January, February) the average price had a considerable increase of 118 % 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 131 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 12 % cheaper than the average price of $151,069 in Albert Lea. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 12 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 60 % cheaper than the average price of ($38 / sq.feet) in Albert Lea. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 60 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Albert Lea we can see that the cheapest property type is "House" at a price of $151,069, they are 12 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 12 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $38 / sq.feet. "House" with an average cost of $38 / sq.feet has the lowest price and would be directed at less affluent cities.