The prices in real estate in Hastings, 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 Hastings has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $748. In the following month the price per sq.feet decreased considerably to $481. The price for the following two months in (June, July) had a considerable increment of 128 %. The price per sq.feet has had a considerable deflation of 21 % 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 $700.25 to $149.5 during August, and September.
Based upon to the price in Hastings (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $192,940. During May the price went through a considerable rise reaching $278,912. During the following two months (June, July) the average price had a considerable increase of 157 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $303,227.25 to $275,691 in August and September.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 3 % cheaper than the average price of $255,242 in Hastings. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 3 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 512 % more costly than the average price of ($838 / sq.feet) in Hastings. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 512 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Hastings we can see that the cheapest property type is "Land" at a price of $255,242, they are 3 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 3 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $838 / sq.feet. "Land" at an average price of $838 / sq.feet has the most expensive price and would be directed at more affluent cities.