The prices in real estate in Northfield, 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 Northfield has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $648. The price for the following two months in (May, June) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable increase of 226 % 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 $258.5 to $585 during July, and August.
Based upon to the price in Northfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $229,221. During the following two months (May, June) the average price had a considerable increase of 244 % 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 166 % 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 $319,346 they are 18 % more affordable than the average price for Northfield. The properties with the lowest average price have 3 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 1 bedroom priced at $261,416.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $689 / sq.feet, with an average $151 / sq.feet price in Northfield. The properties with the highest average prices have 1 bedroom. They are 1037 % more expensive than the average followed by properties with 3 bedrooms with a price at $689 / sq.feet.
With regard to the average price based upon the property in Northfield we can see that the cheapest property type is "Land" at a price of $279,751, they are 12 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 12 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $689 / sq.feet. "Land" at an average price of $689 / sq.feet has the most expensive price and would be directed at more affluent cities.