Property prices for sale in Elk River (Minnesota)
The prices in real estate in Elk River, 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 Elk River has increased strongly during the last 6 months. In November, the average price per sq.feet was $264. In the following month the price per sq.feet increased considerably to $468. The price for the following two months in (January, February) had a considerable increment of 160 %. The price per sq.feet has had a considerable increase of 345 % 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 $475 to $1,638.5 during March, and April.
Based upon to the price in Elk River (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $393,032. In December This price remains at $383,680. During the following two months (January, February) the price has had an average incrementation from $388,356 to $411,765.5. 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 $400,060.75 and $392,102.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $397,319 they are 45 % more affordable than the average price for Elk River. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $321,905.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $141 / sq.feet, with an average $972 / sq.feet price in Elk River. The properties with the highest average prices have 3 bedrooms. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $172 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $397,319 it is 74 % cheaper than the average price in Elk River. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $309,234 it is 12 % 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 $75 / sq.feet followed by "House" priced at $140 / sq.feet. "Land" is the cheapest type of property with a $656 / sq.feet value followed by "Apartment" with an average price of $321 / sq.feet.
