The prices in real estate in Chugiak, in the Alaska 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 Chugiak has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $301. In the following month the price per sq.feet decreased considerably to $153. The price for the following two months in (October, November) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 78 % 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 $187.5 to $146 during December, and January.
Based upon to the price in Chugiak (cities), this has fallen considerably in the last 6 months. The average price for August is $485,833. During September the price had a considerable reduction till $314,582. During the following two months (October, November) the average price had a considerable reduction of 80 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $360,709 to $292,055.5, which means a 81 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 21 % more costly than the average price of $351,271 in Chugiak. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 21 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1662 % more costly than the average price of ($2,713 / sq.feet) in Chugiak. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1662 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $290,134 it is 8 % more expensive than the average price in Chugiak. "Land" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Land". At a price of $351,271 it is 58 % more expensive 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 $305 / sq.feet followed by "Land" priced at $2,713 / sq.feet. "Condo" is the most costly type of property with a $3,227 / sq.feet cost followed by "Land" with an average price of $2,713 / sq.feet.