The prices in real estate in Brooklyn Center, 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 Brooklyn Center has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $803. In the following month the price per sq.feet decreased considerably to $129. The price for the following two months in (September, October) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $294.75 to $124 during November, and December.
Based upon to the price in Brooklyn Center (cities), this has gone up in the last 6 months. The price in July is $185,173, rising in August till $203,148. In the following two months the average price has remained the same with regard to the previous two months from $194,160.5 to $202,551. 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 3 bedrooms are the cheapest ones. At a price of $217,387 they are 47 % more affordable than the average price for Brooklyn Center. The properties with the lowest average price have 1 bedroom, Their price is 45 % cheaper than the average. After that we have properties with 3 bedrooms priced at $114,303.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $992 / sq.feet, with an average $125 / sq.feet price in Brooklyn Center. The properties with the highest average prices have 3 bedrooms. They are 759 % more expensive than the average followed by properties with 1 bedroom with a price at $992 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $217,387 it is 57 % cheaper than the average price in Brooklyn Center. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $96,326 it is 47 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $883 / sq.feet followed by "House" priced at $984 / sq.feet. "Apartment" is the most costly type of property with a $1,074 / sq.feet cost followed by "House" with an average price of $984 / sq.feet.