The prices in real estate in Mitchell, in the South Dakota 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 Mitchell has increased strongly during the last 6 months. In October, the average price per sq.feet was $193. In November this price pretty much remained the same at a value of $185 per sq.feet. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 214 % 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 $176 to $377 during February, and March.
Based upon to the price in Mitchell (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $355,026. In November This price remains at $342,765. During the following two months (December, January) the average price had a considerable reduction of 85 % 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 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $341,193 they are 0 % more expensive than the average price for Mitchell. Following this ranking we find those properties with 3 at an average price of $345,449. The properties with the highest average price have 1 bedroom, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $345,449.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $171 / sq.feet price in Mitchell. The properties with the lowest average prices have 1 bedroom. They are 54 % cheaper than the average followed by properties with 3 bedrooms with a price at $69 / sq.feet.
With regard to the average price based upon the property in Mitchell we can see that most expensive property type is "Apartment" at a price of $341,661, they are 0 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 0 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $58 / sq.feet. "Apartment" with an average cost of $58 / sq.feet has the lowest price and would be directed at less affluent cities.