The prices in real estate in Mankato, in the Minnesota 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 Mankato has increased strongly during the last 6 months. In February, the average price per sq.feet was $194. In the following month the price per sq.feet increased considerably to $452. The price for the following two months in (April, May) had a considerable increment of 169 %. The price per sq.feet has had a considerable increase of 157 % 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 $434.75 to $681.5 during June, and July.
Based upon to the price in Mankato (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $283,500. In March This price remains at $295,508. During the following two months (April, May) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $263,747.25 to $240,552.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $232,581 they are 41 % more affordable than the average price for Mankato. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $235,804.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $75 / sq.feet, with an average $1,044 / sq.feet price in Mankato. The properties with the lowest average prices have 3 bedrooms. They are 85 % cheaper than the average followed by properties with 2 bedrooms with a price at $153 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $232,581 it is 18 % cheaper than the average price in Mankato. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $244,619 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $90 / sq.feet followed by "Land" priced at $158 / sq.feet. "House" is the cheapest type of property with a $163 / sq.feet value followed by "Land" with an average price of $158 / sq.feet.