The prices in real estate in Deer River, 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 Deer River has increased strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $266. In the following two months the price per sq.feet has barely changed, going from $133 to $133 per sq.feet. The price per sq.feet has had a considerable increase of 149 % 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 $133 to $198 during September, and October.
Based upon to the price in Deer River (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is . During June the price went through a considerable rise reaching $721,333. In the following two months the average price has remained the same with regard to the previous two months from $360,666.5 to $360,666.5. During the last two months the average price has had a strong fall compared to the previous four going from $360,666.5 to $253,578.5, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $257,877 they are 5 % more affordable than the average price for Deer River. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $291,263.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $205 / sq.feet price in Deer River. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 4 bedrooms with a price at $186 / sq.feet.
With regard to the average price based upon the property in Deer River we can see that most expensive property type is "House" at a price of $275,075, they are 7 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 7 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $216 / sq.feet. "House" at an average price of $216 / sq.feet has the most expensive price and would be directed at more affluent cities.