The prices in real estate in Ketchikan, in the Alaska region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ketchikan has remained the same in the last 6 months. In February, the average price per sq.feet was $204. In March this price pretty much remained the same at a value of $210 per sq.feet. The price for the following two months in (April, May) decreased 93 % with regard to the prior two months. The price per sq.feet has increased 108 % 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 $199.5 to $215 during June, and July.
Based upon to the price in Ketchikan (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $358,629. In March This price remains at $373,657. During the following two months (April, May) the average price fell 92 % 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 gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $386,545 they are 61 % more affordable than the average price for Ketchikan. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $424,466.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $172 / sq.feet, with an average $216 / sq.feet price in Ketchikan. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $222 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $386,545 it is 72 % cheaper than the average price in Ketchikan. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $414,883 it is 698 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $184 / sq.feet followed by "House" priced at $237 / sq.feet. "Condo" is the most costly type of property with a $3,434 / sq.feet cost followed by "Land" with an average price of $1,224 / sq.feet.