Property prices for sale in Detroit Lakes (Minnesota)
The prices in real estate in Detroit Lakes, 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 Detroit Lakes has increased strongly during the last 6 months. In October, the average price per sq.feet was $238. In the following month the price per sq.feet decreased to $213. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 316 % 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 $218 to $689 during February, and March.
Based upon to the price in Detroit Lakes (cities), this has fallen considerably in the last 6 months. The average price for October is $501,077. During November the price had a slight fall till $438,526. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $438,485.5 to $406,099 in 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 $431,404 they are 51 % more affordable than the average price for Detroit Lakes. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $457,544.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $169 / sq.feet, with an average $648 / sq.feet price in Detroit Lakes. The properties with the lowest average prices have 2 bedrooms. They are 53 % cheaper than the average followed by properties with 3 bedrooms with a price at $267 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $431,404 it is 61 % cheaper than the average price in Detroit Lakes. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $215,206 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $197 / sq.feet followed by "House" priced at $227 / sq.feet. "Land" is the most costly type of property with a $101,701 / sq.feet cost followed by "House" with an average price of $227 / sq.feet.
