The prices in real estate in North Pole, in the Alaska 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 North Pole has increased strongly during the last 6 months. In March, the average price per sq.feet was $149. In April this price pretty much remained the same at a value of $151 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 1039 %. The price per sq.feet has had a considerable increase of 346 % 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 $854.5 to $2,953 during July, and August.
Based upon to the price in North Pole (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $209,479. During April the price went through a considerable rise reaching $269,390. During the following two months (May, June) the average price had a considerable increase of 1187 % 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 332 % 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 $4,129,484 they are 97 % more affordable than the average price for North Pole. The properties with the lowest average price have 4 bedrooms, Their price is 92 % cheaper than the average. After that we have properties with 3 bedrooms priced at $233,891.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $114 / sq.feet, with an average $2,563 / sq.feet price in North Pole. The properties with the lowest average prices have 2 bedrooms. They are 93 % cheaper than the average followed by properties with 3 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $4,129,484 it is 98 % cheaper than the average price in North Pole. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Duplex". At a price of $282,667 it is 91 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $93 / sq.feet followed by "House" priced at $120 / sq.feet. "Duplex" is the most costly type of property with a $2,748 / sq.feet cost followed by "Commercial" with an average price of $1,732 / sq.feet.