The prices in real estate in Devils Lake, in the North Dakota 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 Devils Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $809. In November this price pretty much remained the same at a value of $811 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 26 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1255 % 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 $509.75 to $6,396 during February, and March.
Based upon to the price in Devils Lake (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $235,169. In November This price remains at $240,091. During the following two months (December, January) the price has had an average incrementation from $237,630 to $252,571.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $245,100.75 to $209,283 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 $216,222 they are 77 % more affordable than the average price for Devils Lake. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $168,177.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $54 / sq.feet, with an average $6,864 / sq.feet price in Devils Lake. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $78 / sq.feet.
With regard to the average price based upon the property in Devils Lake we can see that most expensive property type is "Land" at a price of $232,239, they are 7 % more costly than the average price of (!PRECIO2!). "Land" has the highest price. This price is 7 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $352 / sq.feet. "Land" with an average cost of $352 / sq.feet has the lowest price and would be directed at less affluent cities.