The prices in real estate in Big Lake, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Big Lake has fallen in the last 6 months. In December, the average price per sq.feet was $162. In the following month the price per sq.feet decreased to $143. In the following two months the price per sq.feet has barely changed, going from $152.5 to $154 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $153.25 to $153 during April y May
Based upon to the price in Big Lake (cities), this has gone up in the last 6 months. The average price during our first sample month during December, is $283,064. During January the price went through a considerable rise reaching $333,823. In the following two months the average price has remained the same with regard to the previous two months from $308,443.5 to $316,817.5. During the last two months the average price has had a strong fall compared to the previous four going from $312,630.5 to $264,678, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $258,567 they are 5 % more affordable than the average price for Big Lake. The properties with the highest average price have 2 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 1 bedroom priced at $245,841.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $141 / sq.feet, with an average $157 / sq.feet price in Big Lake. The properties with the highest average prices have 2 bedrooms. They are 70 % more expensive than the average followed by properties with 1 bedroom with a price at $141 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $258,567 it is 1 % cheaper than the average price in Big Lake. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $256,959 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $136 / sq.feet followed by "House" priced at $267 / sq.feet. "House" is the most costly type of property with a $267 / sq.feet cost followed by "Townhouse" with an average price of $136 / sq.feet.