Property prices for sale in Ottertail (Minnesota)
The prices in real estate in Ottertail, 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 Ottertail has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,893. In the following month the price per sq.feet increased considerably to $5,464. The price for the following two months in (January, February) had a considerable increment of 252 %. The price per sq.feet has had a considerable deflation of 58 % 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 $7,346.75 to $4,270.5 during March, and April.
Based upon to the price in Ottertail (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $377,471. In December This price remains at $381,227. During the following two months (January, February) the average price had a considerable reduction of 83 % 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 133 % 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 $524,457 they are 66 % more affordable than the average price for Ottertail. The properties with the highest average price have 4 bedrooms, Their price is 157 % more costly than the average. After that we have properties with 3 bedrooms priced at $676,875.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $241 / sq.feet, with an average $2,210 / sq.feet price in Ottertail. The properties with the lowest average prices have 4 bedrooms. They are 71 % cheaper than the average followed by properties with 3 bedrooms with a price at $371 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $524,457 it is 82 % cheaper than the average price in Ottertail. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $93,167 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $347 / sq.feet followed by "Land" priced at $74,833 / sq.feet. "Land" is the most costly type of property with a $74,833 / sq.feet cost followed by "House" with an average price of $347 / sq.feet.
