The prices in real estate in Forest Lake, 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 Forest Lake has increased strongly during the last 6 months. In January, the average price per sq.feet was $159. In the following month the price per sq.feet increased considerably to $1,599. The price for the following two months in (March, April) had a considerable increment of 243 %. The price per sq.feet has had a considerable increase of 190 % 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 $1,509.25 to $2,871 during May, and June.
Based upon to the price in Forest Lake (cities), these have remained the same in the last 6 months. The average price for January is $375,812. During February the price had a slight fall till $336,921. In the following two months the average price has remained the same with regard to the previous two months from $356,366.5 to $346,886.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $351,614 they are 0 % more affordable than the average price for Forest Lake. The properties with the highest average price have 1 bedroom, Their price is 7 % more costly than the average. After that we have properties with 4 bedrooms priced at $349,891.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $203 / sq.feet, with an average $3,413 / sq.feet price in Forest Lake. The properties with the lowest average prices have 4 bedrooms. They are 93 % cheaper than the average followed by properties with 1 bedroom with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $351,614 it is 0 % cheaper than the average price in Forest Lake. "Mobile Home" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Duplex". At a price of $356,378 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Mobile Home" at an average cost of $128 / sq.feet followed by "Duplex" priced at $135 / sq.feet. "Apartment" is the cheapest type of property with a $246 / sq.feet value followed by "Condo" with an average price of $154 / sq.feet.