The prices in real estate in Chanhassen, in the Minnesota 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 Chanhassen has increased strongly during the last 6 months. In July, the average price per sq.feet was $184. In the following month the price per sq.feet increased considerably to $942. The price for the following two months in (September, October) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $508 to $207.5 during November, and December.
Based upon to the price in Chanhassen (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $566,696. During August the price went through a considerable rise reaching $667,646. During the following two months (September, October) the price has had an average incrementation from $617,171 to $701,486.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $809,448 they are 71 % more affordable than the average price for Chanhassen. The properties with the lowest average price have 1 bedroom, Their price is 20 % cheaper than the average. After that we have properties with 4 bedrooms priced at $558,895.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $167 / sq.feet, with an average $215 / sq.feet price in Chanhassen. The properties with the highest average prices have 1 bedroom. They are 122 % more expensive than the average followed by properties with 3 bedrooms with a price at $205 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $809,448 it is 63 % cheaper than the average price in Chanhassen. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $492,462 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $137 / sq.feet followed by "Townhouse" priced at $179 / sq.feet. "House" is the most costly type of property with a $232 / sq.feet cost followed by "Townhouse" with an average price of $179 / sq.feet.