Property prices for sale in Brainerd (Minnesota)
The prices in real estate in Brainerd, 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 Brainerd has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $809. In the following month the price per sq.feet decreased considerably to $569. The price for the following two months in (December, January) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable increase of 166 % 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 $448.75 to $747 during February, and March.
Based upon to the price in Brainerd (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $333,540. In November This price remains at $346,102. During the following two months (December, January) the price has had an average incrementation from $339,821 to $361,479.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $350,650.25 to $332,229.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $352,134 they are 17 % more affordable than the average price for Brainerd. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $383,747.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $337 / sq.feet, with an average $956 / sq.feet price in Brainerd. The properties with the lowest average prices have 1 bedroom. They are 34 % cheaper than the average followed by properties with 3 bedrooms with a price at $496 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $352,134 it is 48 % cheaper than the average price in Brainerd. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $358,490 it is 16 % 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 $56 / sq.feet followed by "Detached House" priced at $203 / sq.feet. "Land" is the most costly type of property with a $21,901 / sq.feet cost followed by "House" with an average price of $1,243 / sq.feet.
