The prices in real estate in Cold Spring, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Cold Spring has fallen in the last 6 months. In July, the average price per sq.feet was $188. In August this price pretty much remained the same at a value of $197 per sq.feet. The price for the following two months in (September, October) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $181.75 to $143 during November, and December.
Based upon to the price in Cold Spring (cities), this has fallen considerably in the last 6 months. The price in July is $494,767, rising in August till $556,433. During the following two months (September, October) the average price had a considerable reduction of 55 % 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 $407,552.5 to $263,609, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $257,165 they are 5 % more affordable than the average price for Cold Spring. The properties with the highest average price have 4 bedrooms, Their price is 89 % more costly than the average. After that we have properties with 1 bedroom priced at $294,834.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $106 / sq.feet, with an average $131 / sq.feet price in Cold Spring. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $257,165 it is 1 % cheaper than the average price in Cold Spring. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $253,359 it is 7 % 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 $75 / sq.feet followed by "House" priced at $162 / sq.feet. "House" is the most costly type of property with a $162 / sq.feet cost followed by "Townhouse" with an average price of $75 / sq.feet.