Property prices for sale in Rhinelander (Wisconsin)
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 October, the average price per sq.feet was $524. In the following month the price per sq.feet increased considerably to $1,442. In the following two months the price per sq.feet has barely changed, going from $983 to $974.5 per sq.feet. The price per sq.feet has had a considerable increase of 888 % 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 $978.75 to $8,693.5 during February, and March.
Based upon to the price in Rhinelander (cities), this has fallen considerably in the last 6 months. The average price for October is $449,643. During November the price had a considerable reduction till $346,515. In the following two months the average price has remained the same with regard to the previous two months from $398,079 to $400,153.5. During the last two months the average price has had a strong fall compared to the previous four going from $399,116.25 to $319,577, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $338,710 they are 33 % more affordable than the average price for Rhinelander. The properties with the highest average price have 3 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at $287,940.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $8,112 / sq.feet price in Rhinelander. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $201 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $338,710 it is 74 % cheaper than the average price in Rhinelander. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $368,285 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $41 / sq.feet followed by "House" priced at $175 / sq.feet. "Land" is the most costly type of property with a $25,514 / sq.feet cost followed by "Detached House" with an average price of $182 / sq.feet.
