Property prices for sale in Grand Forks (North Dakota)
The prices in real estate in Grand Forks, in the North Dakota 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 Grand Forks has increased strongly during the last 6 months. In October, the average price per sq.feet was $172. In November this price pretty much remained the same at a value of $166 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $169 to $165 per sq.feet. The price per sq.feet has had a considerable increase of 1296 % 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 $167 to $2,164 during February, and March.
Based upon to the price in Grand Forks (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $312,284. In November This price remains at $314,631. During the following two months (December, January) the average price fell 89 % 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 121 % 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 $373,511 they are 19 % more affordable than the average price for Grand Forks. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 1 bedroom priced at $374,857.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $2,342 / sq.feet price in Grand Forks. The properties with the lowest average prices have 1 bedroom. They are 86 % cheaper than the average followed by properties with 3 bedrooms with a price at $185 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $373,511 it is 60 % cheaper than the average price in Grand Forks. "" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $212,900 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $172 / sq.feet followed by "Condo" priced at $200 / sq.feet. "Land" is the most costly type of property with a $42,666 / sq.feet cost followed by "Townhouse" with an average price of $990 / sq.feet.
