The prices in real estate in Madison Lake, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Madison Lake has fallen in the last 6 months. In December, the average price per sq.feet was $223. In the following month the price per sq.feet decreased considerably to $153. In the following two months the price per sq.feet has barely changed, going from $188 to $183.5 per sq.feet. The price per sq.feet has had a considerable increase of 120 % 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 $185.75 to $222 during April, and May.
Based upon to the price in Madison Lake (cities), these have remained the same in the last 6 months. The average price for December is $471,049. During January the price had a considerable reduction till $339,445. During the following two months (February, March) the average price had a considerable increase of 120 % 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 risen strongly 116 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 43 % cheaper than the average price of $308,295 in Madison Lake. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 43 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2957 % more costly than the average price of ($7,214 / sq.feet) in Madison Lake. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2957 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Madison Lake we can see that the cheapest property type is "House" at a price of $308,295, they are 43 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 43 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $7,214 / sq.feet. "House" at an average price of $7,214 / sq.feet has the most expensive price and would be directed at more affluent cities.