The prices in real estate in Ely, in the Nevada 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 November, the average price per sq.feet was $100. In the following month the price per sq.feet increased considerably to $196. The price for the following two months in (January, February) had a considerable increment of 188 %. The price per sq.feet has had a considerable increase of 567 % 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 $212.75 to $1,206 during March, and April.
Based upon to the price in Ely (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $156,300. During December the price went through a considerable rise reaching $205,489. During the following two months (January, February) the average price had a considerable increase of 229 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 743 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,297,264 they are 89 % more affordable than the average price for Ely. The properties with the lowest average price have 2 bedrooms, Their price is 68 % cheaper than the average. After that we have properties with 1 bedroom priced at $144,191.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $912 / sq.feet, with an average $632 / sq.feet price in Ely. The properties with the highest average prices have 2 bedrooms. They are 362 % more expensive than the average followed by properties with 1 bedroom with a price at $912 / sq.feet.
With regard to the average price based upon the property in Ely we can see that the cheapest property type is "Land" at a price of $413,770, they are 68 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 68 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $2,922 / sq.feet. "Land" at an average price of $2,922 / sq.feet has the most expensive price and would be directed at more affluent cities.