Property prices for sale in Lake Elmo (Minnesota)
The prices in real estate in Lake Elmo, in the Minnesota region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lake Elmo has increased during the last 6 months. In October, the average price per sq.feet was $235. In November this price pretty much remained the same at a value of $235 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $235 to $248 per sq.feet. The price per sq.feet has increased 105 % 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 $241.5 to $254.5 during February, and March.
Based upon to the price in Lake Elmo (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $772,438. In November This price remains at $788,213. During the following two months (December, January) the price has had an average incrementation from $780,325.5 to $827,961. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $804,143.25 and $795,360 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $766,987 they are 19 % more affordable than the average price for Lake Elmo. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $760,131.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $221 / sq.feet, with an average $251 / sq.feet price in Lake Elmo. The properties with the highest average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 2 bedrooms with a price at $326 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $766,987 it is 43 % cheaper than the average price in Lake Elmo. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $438,551 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $208 / sq.feet followed by "House" priced at $248 / sq.feet. "House" is the cheapest type of property with a $248 / sq.feet value followed by "Townhouse" with an average price of $208 / sq.feet.
