The prices in real estate in Salina, in the Kansas 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 Salina has increased strongly during the last 6 months. In November, the average price per sq.feet was $102. In December this price pretty much remained the same at a value of $101 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 338 %. The price per sq.feet has had a considerable increase of 426 % 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 $222.5 to $947.5 during March, and April.
Based upon to the price in Salina (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $139,150. In December This price remains at $134,051. In the following two months the average price has remained the same with regard to the previous two months from $136,600.5 to $140,207.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $154,860 they are 72 % more affordable than the average price for Salina. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $142,552.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $1,010 / sq.feet price in Salina. The properties with the highest average prices have 4 bedrooms. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $154,860 it is 18 % cheaper than the average price in Salina. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Detached House". At a price of $171,984 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $82 / sq.feet followed by "Detached House" priced at $1,166 / sq.feet. "Apartment" is the most costly type of property with a $1,176 / sq.feet cost followed by "Detached House" with an average price of $1,166 / sq.feet.