Property prices for sale in Pelican Rapids (Minnesota)
The prices in real estate in Pelican Rapids, 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 Pelican Rapids has increased strongly during the last 6 months. In October, the average price per sq.feet was $291. In the following month the price per sq.feet increased considerably to $342. In the following two months the price per sq.feet has barely changed, going from $316.5 to $314 per sq.feet. The price per sq.feet has had a considerable increase of 341 % 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 $315.25 to $1,073.5 during February, and March.
Based upon to the price in Pelican Rapids (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $514,181. In November This price remains at $494,523. During the following two months (December, January) the price has had an average incrementation from $504,352 to $579,322.5. During the last two months the average price has had a strong fall compared to the previous four going from $541,837.25 to $447,630, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $468,360 they are 70 % more affordable than the average price for Pelican Rapids. The properties with the highest average price have 3 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 4 bedrooms priced at $432,308.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $187 / sq.feet, with an average $1,868 / sq.feet price in Pelican Rapids. The properties with the lowest average prices have 1 bedroom. They are 77 % cheaper than the average followed by properties with 3 bedrooms with a price at $271 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $468,360 it is 32 % cheaper than the average price in Pelican Rapids. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $319,075 it is 12 % 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 $266 / sq.feet followed by "Land" priced at $75,830 / sq.feet. "Land" is the most costly type of property with a $75,830 / sq.feet cost followed by "House" with an average price of $266 / sq.feet.
