The prices in real estate in Andover, in the Kansas 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 Andover has increased strongly during the last 6 months. In October, the average price per sq.feet was $195. In the following month the price per sq.feet decreased to $179. In the following two months the price per sq.feet has barely changed, going from $187 to $180 per sq.feet. The price per sq.feet has had a considerable increase of 641 % 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 $183.5 to $1,175.5 during February, and March.
Based upon to the price in Andover (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $406,964. In November This price remains at $408,833. In the following two months the average price has remained the same with regard to the previous two months from $407,898.5 to $396,928.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $469,632 they are 23 % more affordable than the average price for Andover. The properties with the lowest average price have 1 bedroom, Their price is 22 % cheaper than the average. After that we have properties with 2 bedrooms priced at $363,908.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $50 / sq.feet, with an average $1,903 / sq.feet price in Andover. 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 $50 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $469,632 it is 44 % cheaper than the average price in Andover. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $360,641 it is 23 % 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 $41 / sq.feet followed by "Farm" priced at $49 / sq.feet. "House" is the cheapest type of property with a $50 / sq.feet value followed by "Farm" with an average price of $49 / sq.feet.