The prices in real estate in Excelsior, 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 Excelsior has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $966. In the following month the price per sq.feet increased considerably to $1,720. The price for the following two months in (March, April) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 35 % 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 $896.25 to $317 during May, and June.
Based upon to the price in Excelsior (cities), this has fallen considerably in the last 6 months. The average price for January is $1,141,346. During February the price had a slight fall till $1,045,633. During the following two months (March, April) the average price had a considerable reduction of 73 % 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 gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $894,868 they are 1 % more affordable than the average price for Excelsior. The properties with the highest average price have 1 bedroom, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,135,648.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $296 / sq.feet price in Excelsior. The properties with the highest average prices have 1 bedroom. They are 1440 % more expensive than the average followed by properties with 3 bedrooms with a price at $961 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $894,868 it is 1 % cheaper than the average price in Excelsior. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $885,596 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $197 / sq.feet followed by "House" priced at $961 / sq.feet. "House" is the most costly type of property with a $961 / sq.feet cost followed by "Townhouse" with an average price of $197 / sq.feet.