The prices in real estate in Bottineau, in the North Dakota 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 Bottineau has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,821. In the following month the price per sq.feet decreased considerably to $1,094. The price for the following two months in (December, January) had a considerable increment of 125 %. The price per sq.feet has had a considerable increase of 316 % 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 $1,639.75 to $5,184.5 during February, and March.
Based upon to the price in Bottineau (cities), these have remained the same in the last 6 months. The average price for October is $282,503. During November the price had a slight fall till $259,304. In the following two months the average price has remained the same with regard to the previous two months from $270,903.5 to $258,763. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $271,456 they are 18 % more affordable than the average price for Bottineau. The properties with the highest average price have 4 bedrooms, Their price is 150 % more costly than the average. After that we have properties with 1 bedroom priced at $371,078.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $741 / sq.feet, with an average $2,890 / sq.feet price in Bottineau. The properties with the highest average prices have 4 bedrooms. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,824 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $271,456 it is 49 % cheaper than the average price in Bottineau. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $301,950 it is 66 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $398 / sq.feet followed by "House" priced at $618 / sq.feet. "Land" is the most costly type of property with a $30,415 / sq.feet cost followed by "House" with an average price of $618 / sq.feet.