The prices in real estate in Kenai, 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 Kenai has increased strongly during the last 6 months. In March, the average price per sq.feet was $215. In the following month the price per sq.feet increased to $240. In the following two months the price per sq.feet has barely changed, going from $227.5 to $219 per sq.feet. The price per sq.feet has had a considerable increase of 436 % 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 $223.25 to $974 during July, and August.
Based upon to the price in Kenai (cities), this has gone downing the last 6 months. The price in March is $406,794, rising in April till $465,243. During the following two months (May, June) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $399,687 to $275,393, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $219,492 they are 10 % more expensive than the average price for Kenai. Following this ranking we find those properties with 1 at an average price of $351,950. The properties with the highest average price have 4 bedrooms, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at $398,502.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $274 / sq.feet, with an average $1,714 / sq.feet price in Kenai. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,183 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $219,492 it is 72 % cheaper than the average price in Kenai. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Detached House". At a price of $315,356 it is 44 % 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 $244 / sq.feet followed by "Land" priced at $1,267 / sq.feet. "Condo" is the cheapest type of property with a $1,571 / sq.feet value followed by "Detached House" with an average price of $1,561 / sq.feet.