The prices in real estate in Ninilchik, in the Alaska region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ninilchik has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $384. In the following month the price per sq.feet decreased considerably to $142. The price for the following two months in (May, June) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $192.75 to $130.5 during July, and August.
Based upon to the price in Ninilchik (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $113,519. During April the price went through a considerable rise reaching $142,657. During the following two months (May, June) the average price had a considerable increase of 121 % 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 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $161,269 they are 16 % more affordable than the average price for Ninilchik. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $189,613.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $85 / sq.feet, with an average $133 / sq.feet price in Ninilchik. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at $189 / sq.feet.
With regard to the average price based upon the property in Ninilchik we can see that most expensive property type is "House" at a price of $212,565, they are 32 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 32 % more expensive 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 $167 / sq.feet. "House" at an average price of $167 / sq.feet has the most expensive price and would be directed at more affluent cities.