The prices in real estate in Ramsey, in the Minnesota 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 Ramsey has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,232. In the following month the price per sq.feet increased considerably to $1,454. The price for the following two months in (September, October) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $1,222 to $147.5 during November, and December.
Based upon to the price in Ramsey (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $311,009. In August This price remains at $319,307. In the following two months the average price has remained the same with regard to the previous two months from $315,158 to $311,887.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $313,522.75 to $294,824 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $283,350 they are 24 % more affordable than the average price for Ramsey. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 1 bedroom priced at $328,372.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $149 / sq.feet price in Ramsey. The properties with the highest average prices have 4 bedrooms. They are 1976 % more expensive than the average followed by properties with 3 bedrooms with a price at $856 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $283,350 it is 15 % cheaper than the average price in Ramsey. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $254,820 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $139 / sq.feet followed by "Condo" priced at $161 / sq.feet. "House" is the most costly type of property with a $2,453 / sq.feet cost followed by "Condo" with an average price of $161 / sq.feet.