The prices in real estate in Eagle River, in the Alaska 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 Eagle River has increased strongly during the last 6 months. In November, the average price per sq.feet was $313. In the following month the price per sq.feet increased considerably to $2,697. The price for the following two months in (January, February) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 29 % 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 $880.25 to $251.5 during March, and April.
Based upon to the price in Eagle River (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $732,707. During December the price went through a considerable rise reaching $6,168,762. During the following two months (January, February) the average price had a considerable reduction of 16 % 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 $1,996,803.5 to $543,798, which means a 27 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $555,122 they are 51 % more affordable than the average price for Eagle River. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 1 bedroom priced at $422,652.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $197 / sq.feet, with an average $256 / sq.feet price in Eagle River. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 3 bedrooms with a price at $210 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $555,122 it is 79 % cheaper than the average price in Eagle River. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $347,335 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $143 / sq.feet followed by "House" priced at $184 / sq.feet. "Land" is the most costly type of property with a $719 / sq.feet cost followed by "Apartment" with an average price of $209 / sq.feet.