The prices in real estate in Chugiak, in the Alaska 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 Chugiak has increased strongly during the last 6 months. In January, the average price per sq.feet was $154. In February this price pretty much remained the same at a value of $151 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $152.5 to $156 per sq.feet. The price per sq.feet has had a considerable increase of 302 % 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 $154.25 to $465.5 during May, and June.
Based upon to the price in Chugiak (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $290,134. In February This price remains at $304,317. During the following two months (March, April) the price has had an average incrementation from $297,225.5 to $327,678. Based on an analysis of the first four prices and the last two months the average price has risen strongly 233 % 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 $1,085,887 they are 88 % more affordable than the average price for Chugiak. The properties with the lowest average price have 4 bedrooms, Their price is 60 % cheaper than the average. After that we have properties with 3 bedrooms priced at $434,033.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $153 / sq.feet, with an average $763 / sq.feet price in Chugiak. The properties with the lowest average prices have 2 bedrooms. They are 71 % cheaper than the average followed by properties with 3 bedrooms with a price at $209 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,085,887 it is 71 % cheaper than the average price in Chugiak. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $456,010 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $300 / sq.feet followed by "House" priced at $1,122 / sq.feet. "Condo" is the most costly type of property with a $3,207 / sq.feet cost followed by "House" with an average price of $1,122 / sq.feet.