The prices in real estate in Minnetonka, 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 Minnetonka has increased during the last 6 months. In August, the average price per sq.feet was $180. In September this price pretty much remained the same at a value of $186 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $183 to $189 per sq.feet. The price per sq.feet has increased 110 % 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 $186 to $205 during December, and January.
Based upon to the price in Minnetonka (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $475,819. During September the price went through a considerable rise reaching $571,520. During the following two months (October, November) the price has had an average incrementation from $523,669.5 to $567,728. 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 $545,698.75 and $540,607.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $548,421 they are 65 % more affordable than the average price for Minnetonka. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $392,774.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $188 / sq.feet, with an average $226 / sq.feet price in Minnetonka. The properties with the highest average prices have 4 bedrooms. They are 92 % more expensive than the average followed by properties with 1 bedroom with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $548,421 it is 62 % cheaper than the average price in Minnetonka. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $488,026 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $188 / sq.feet followed by "Commercial" priced at $288 / sq.feet. "House" is the most costly type of property with a $420 / sq.feet cost followed by "Office" with an average price of $414 / sq.feet.