Property prices for sale in Algoma (Wisconsin)
The prices in real estate in Algoma, in the Wisconsin 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 Algoma has increased strongly during the last 6 months. In October, the average price per sq.feet was $582. In the following month the price per sq.feet increased considerably to $1,240. The price for the following two months in (December, January) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable increase of 267 % 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 $538.5 to $1,436 during February, and March.
Based upon to the price in Algoma (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $324,132. In November This price remains at $315,777. In the following two months the average price has remained the same with regard to the previous two months from $319,954.5 to $324,376. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $322,165.25 to $293,850.5 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 $301,633 they are 17 % more affordable than the average price for Algoma. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 2 bedrooms priced at $305,850.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $1,573 / sq.feet price in Algoma. The properties with the lowest average prices have 1 bedroom. They are 84 % cheaper than the average followed by properties with 2 bedrooms with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $301,633 it is 15 % cheaper than the average price in Algoma. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $274,133 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $189 / sq.feet followed by "Condo" priced at $223 / sq.feet. "Land" is the most costly type of property with a $22,325 / sq.feet cost followed by "Condo" with an average price of $223 / sq.feet.
