Property prices for sale in Ely (Minnesota)
The prices in real estate in Ely, 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 Ely has increased strongly during the last 6 months. In October, the average price per sq.feet was $678. In the following month the price per sq.feet increased considerably to $950. The price for the following two months in (December, January) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has had a considerable increase of 594 % 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 $547.75 to $3,251.5 during February, and March.
Based upon to the price in Ely (cities), these have remained the same in the last 6 months. The price in October is $413,220, rising in November till $442,673. In the following two months the average price has remained the same with regard to the previous two months from $427,946.5 to $415,579. 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 $421,762.75 to $394,120.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $433,148 they are 8 % more expensive than the average price for Ely. Following this ranking we find those properties with 2 at an average price of $485,514. The properties with the highest average price have 4 bedrooms, Their price is 177 % more costly than the average. After that we have properties with 1 bedroom priced at $619,889.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $247 / sq.feet, with an average $3,195 / sq.feet price in Ely. The properties with the lowest average prices have 1 bedroom. They are 68 % cheaper than the average followed by properties with 2 bedrooms with a price at $390 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $433,148 it is 66 % cheaper than the average price in Ely. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $398,576 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $288 / sq.feet followed by "House" priced at $365 / sq.feet. "Land" is the most costly type of property with a $24,305 / sq.feet cost followed by "House" with an average price of $365 / sq.feet.
