Property prices for sale in Fairbanks (Alaska)
The prices in real estate in Fairbanks, in the Alaska 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 Fairbanks has increased strongly during the last 6 months. In November, the average price per sq.feet was $638. In the following month the price per sq.feet increased considerably to $770. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 144 % 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 $666.25 to $957.5 during March, and April.
Based upon to the price in Fairbanks (cities), these have remained the same in the last 6 months. The average price for November is $157,482. During December the price had a slight fall till $138,148. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 144 % 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 $233,162 they are 47 % more affordable than the average price for Fairbanks. The properties with the highest average price have 4 bedrooms, Their price is 122 % more costly than the average. After that we have properties with 3 bedrooms priced at $330,962.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $174 / sq.feet, with an average $692 / sq.feet price in Fairbanks. The properties with the highest average prices have 2 bedrooms. They are 33 % more expensive than the average followed by properties with 4 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $233,162 it is 67 % cheaper than the average price in Fairbanks. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $234,858 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $87 / sq.feet followed by "Detached House" priced at $92 / sq.feet. "Land" is the most costly type of property with a $8,502 / sq.feet cost followed by "House" with an average price of $271 / sq.feet.
