Property prices for sale in Andover (Minnesota)
The prices in real estate in Andover, 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 Andover has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,097. In the following month the price per sq.feet decreased considerably to $1,461. The price for the following two months in (December, January) had a considerable decrease of 48 with regard to the prior two months. The price per sq.feet has had a considerable increase of 178 % 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 $2,055.25 to $3,652 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 $477,014. In November This price remains at $461,019. In the following two months the average price has remained the same with regard to the previous two months from $469,016.5 to $474,251.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $502,333 they are 53 % more affordable than the average price for Andover. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $447,512.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $5,811 / sq.feet price in Andover. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 2 bedrooms with a price at $272 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $502,333 it is 41 % cheaper than the average price in Andover. "Detached House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $517,845 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $63 / sq.feet followed by "Duplex" priced at $66 / sq.feet. "Land" is the cheapest type of property with a $1,452 / sq.feet value followed by "Apartment" with an average price of $206 / sq.feet.
