The prices in real estate in Big Lake, in the Alaska 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 Big Lake has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $7,796. In the following month the price per sq.feet increased considerably to $10,661. The price for the following two months in (May, June) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $8,769.25 to $2,905.5 during July, and August.
Based upon to the price in Big Lake (cities), this has gone up considerably in the last 6 months. The price in March is $329,508, rising in April till $370,779. During the following two months (May, June) the price has had an average incrementation from $350,143.5 to $401,128.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 144 % 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 $562,431 they are 67 % more affordable than the average price for Big Lake. The properties with the highest average price have 3 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 2 bedrooms priced at $594,938.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $220 / sq.feet, with an average $1,925 / sq.feet price in Big Lake. The properties with the lowest average prices have 2 bedrooms. They are 77 % cheaper than the average followed by properties with 3 bedrooms with a price at $326 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $562,431 it is 51 % cheaper than the average price in Big Lake. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $599,833 it is 26 % 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 $305 / sq.feet followed by "Condo" priced at $430 / sq.feet. "Land" is the most costly type of property with a $28,986 / sq.feet cost followed by "Condo" with an average price of $430 / sq.feet.