The prices in real estate in Delano, 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 Delano has increased strongly during the last 6 months. In October, the average price per sq.feet was $207. In November this price pretty much remained the same at a value of $206 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 861 %. The price per sq.feet has had a considerable increase of 386 % 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 $992.5 to $3,833 during February, and March.
Based upon to the price in Delano (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $503,814. In November This price remains at $496,040. In the following two months the average price has remained the same with regard to the previous two months from $499,927 to $494,423. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $497,175 and $499,885 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $502,140 they are 54 % more affordable than the average price for Delano. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $357,982.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $5,656 / sq.feet price in Delano. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $502,140 it is 38 % cheaper than the average price in Delano. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $311,470 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $80 / sq.feet followed by "House" priced at $141 / sq.feet. "House" is the cheapest type of property with a $141 / sq.feet value followed by "Townhouse" with an average price of $80 / sq.feet.