The prices in real estate in Hastings, 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 Hastings has increased strongly during the last 6 months. In March, the average price per sq.feet was $140. In April this price pretty much remained the same at a value of $144 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 371 %. The price per sq.feet has had a considerable deflation of 64 % 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 $334.5 to $215.5 during July, and August.
Based upon to the price in Hastings (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $311,149. In April This price remains at $318,543. During the following two months (May, June) the average price had a considerable increase of 226 % 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 157 % 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 $1,275,069 they are 80 % more affordable than the average price for Hastings. The properties with the lowest average price have 4 bedrooms, Their price is 53 % cheaper than the average. After that we have properties with 1 bedroom priced at $513,061.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $139 / sq.feet, with an average $282 / sq.feet price in Hastings. The properties with the highest average prices have 1 bedroom. They are 228 % more expensive than the average followed by properties with 4 bedrooms with a price at $161 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,275,069 it is 80 % cheaper than the average price in Hastings. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $252,444 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $827 / sq.feet followed by "House" priced at $1,012 / sq.feet. "House" is the most costly type of property with a $1,012 / sq.feet cost followed by "Apartment" with an average price of $827 / sq.feet.