The prices in real estate in Rhinelander, in the Wisconsin 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 Rhinelander has increased strongly during the last 6 months. In November, the average price per sq.feet was $82. In the following month the price per sq.feet increased to $89. In the following two months the price per sq.feet has increased 112 %, going from $85.5 to $95.5 per sq.feet. The price per sq.feet has increased 114 % 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 $90.5 to $103 during March, and April.
Based upon to the price in Rhinelander (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $133,900. During December the price went through a considerable rise reaching $165,608. During the following two months (January, February) the average price had a considerable increase of 143 % 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 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $220,069 they are 64 % more affordable than the average price for Rhinelander. The properties with the lowest average price have 3 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 4 bedrooms priced at $151,296.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $412 / sq.feet, with an average $107 / sq.feet price in Rhinelander. The properties with the highest average prices have 1 bedroom. They are 526 % more expensive than the average followed by properties with 4 bedrooms with a price at $649 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $220,069 it is 80 % cheaper than the average price in Rhinelander. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $227,612 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $146 / sq.feet followed by "Condo" priced at $490 / sq.feet. "Commercial" is the most costly type of property with a $1,444 / sq.feet cost followed by "House" with an average price of $752 / sq.feet.