The prices in real estate in Eden Prairie, in the Minnesota region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Eden Prairie has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,850. In the following month the price per sq.feet decreased considerably to $1,116. The price for the following two months in (May, June) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 51 % 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 $1,219.5 to $625.5 during July, and August.
Based upon to the price in Eden Prairie (cities), this has gone up in the last 6 months. The price in March is $647,718, rising in April till $692,628. During the following two months (May, June) the average price had a considerable increase of 133 % 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 $780,518 to $620,776.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $613,259 they are 54 % more affordable than the average price for Eden Prairie. The properties with the highest average price have 1 bedroom, Their price is 83 % more costly than the average. After that we have properties with 4 bedrooms priced at $577,720.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $1,075 / sq.feet price in Eden Prairie. The properties with the highest average prices have 4 bedrooms. They are 30 % more expensive than the average followed by properties with 1 bedroom with a price at $211 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $613,259 it is 52 % cheaper than the average price in Eden Prairie. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $571,838 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $142 / sq.feet followed by "Condo" priced at $158 / sq.feet. "House" is the most costly type of property with a $2,844 / sq.feet cost followed by "Townhouse" with an average price of $170 / sq.feet.