The prices in real estate in Grand Island, in the Nebraska 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 Island has increased strongly during the last 6 months. In August, the average price per sq.feet was $118. In the following month the price per sq.feet increased to $132. In the following two months the price per sq.feet has barely changed, going from $125 to $126 per sq.feet. The price per sq.feet has had a considerable increase of 159 % 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 $125.5 to $199.5 during December, and January.
Based upon to the price in Grand Island (cities), this has gone up in the last 6 months. The price in August is $210,705, rising in September till $233,105. During the following two months (October, November) the price has had an average incrementation from $221,905 to $248,912. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $235,408.5 and $227,692.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $220,226 they are 93 % more expensive than the average price for Grand Island. Following this ranking we find those properties with 1 at an average price of $428,042. The properties with the highest average price have 1 bedroom, Their price is 94 % more costly than the average. After that we have properties with 3 bedrooms priced at $425,477.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $1,478 / sq.feet, with an average $262 / sq.feet price in Grand Island. The properties with the highest average prices have 1 bedroom. They are 469 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,478 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $220,226 it is 92 % more expensive than the average price in Grand Island. "Apartment" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Apartment". At a price of $425,477 it is 93 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $1,470 / sq.feet followed by "Apartment" priced at $1,478 / sq.feet. "Condo" is the most costly type of property with a $1,480 / sq.feet cost followed by "Apartment" with an average price of $1,478 / sq.feet.