The prices in real estate in Homer, in the Alaska 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 Homer has increased strongly during the last 6 months. In March, the average price per sq.feet was $331. In the following month the price per sq.feet decreased to $307. In the following two months the price per sq.feet has barely changed, going from $319 to $308 per sq.feet. The price per sq.feet has had a considerable increase of 282 % 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 $313.5 to $884.5 during July, and August.
Based upon to the price in Homer (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $599,388. In April This price remains at $584,539. During the following two months (May, June) the price has had an average incrementation from $591,963.5 to $669,396. 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 $630,679.75 to $575,870 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $533,855 they are 23 % more affordable than the average price for Homer. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $583,995.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $828 / sq.feet, with an average $1,463 / sq.feet price in Homer. The properties with the highest average prices have 4 bedrooms. They are 411 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,174 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $533,855 it is 39 % cheaper than the average price in Homer. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $325,900 it is 5 % 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 $383 / sq.feet followed by "Land" priced at $6,878 / sq.feet. "Land" is the most costly type of property with a $6,878 / sq.feet cost followed by "House" with an average price of $383 / sq.feet.