The prices in real estate in Champlin, 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 Champlin has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $239. In the following month the price per sq.feet decreased to $204. The price for the following two months in (November, December) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $212.5 to $197.5 during January, and February.
Based upon to the price in Champlin (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $384,820. In October This price remains at $380,287. During the following two months (November, December) the price has had an average incrementation from $382,553.5 to $406,533.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $432,104 they are 53 % more affordable than the average price for Champlin. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $335,121.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $115 / sq.feet, with an average $202 / sq.feet price in Champlin. The properties with the lowest average prices have 1 bedroom. They are 0 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $432,104 it is 45 % cheaper than the average price in Champlin. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $337,823 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $132 / sq.feet followed by "House" priced at $135 / sq.feet. "Condo" is the most costly type of property with a $564 / sq.feet cost followed by "Townhouse" with an average price of $241 / sq.feet.