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 October, the average price per sq.feet was $1,414. In the following month the price per sq.feet increased considerably to $1,763. The price for the following two months in (December, January) had a considerable increment of 131 %. The price per sq.feet has had a considerable increase of 166 % 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 $1,834.75 to $3,052.5 during February, and March.
Based upon to the price in Kenai (cities), this has gone downing the last 6 months. The average price for October is $272,652. During November the price had a slight fall till $254,153. In the following two months the average price has remained the same with regard to the previous two months from $263,402.5 to $259,196. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $261,299.25 to $226,734.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $227,881 they are 25 % more expensive than the average price for Kenai. Following this ranking we find those properties with 2 at an average price of $355,119. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at $378,827.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $805 / sq.feet, with an average $3,452 / sq.feet price in Kenai. The properties with the lowest average prices have 3 bedrooms. They are 9 % cheaper than the average followed by properties with 4 bedrooms with a price at $2,348 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $227,881 it is 71 % cheaper than the average price in Kenai. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $314,724 it is 80 % 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 $226 / sq.feet followed by "Detached House" priced at $1,547 / sq.feet. "Land" is the most costly type of property with a $11,922 / sq.feet cost followed by "Condo" with an average price of $1,557 / sq.feet.