The prices in real estate in Sitka, in the Alaska 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 Sitka has increased strongly during the last 6 months. In October, the average price per sq.feet was $258. In November this price pretty much remained the same at a value of $258 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 1707 %. The price per sq.feet has had a considerable increase of 412 % 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 $2,331 to $9,606 during February, and March.
Based upon to the price in Sitka (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $731,242. In November This price remains at $731,242. In the following two months the average price has remained the same with regard to the previous two months from $731,242 to $707,875. During the last two months the average price has had a strong fall compared to the previous four going from $719,558.5 to $426,117.5, which means a 59 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $442,568 they are 35 % more affordable than the average price for Sitka. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $403,482.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $166 / sq.feet, with an average $18,950 / sq.feet price in Sitka. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $323 / sq.feet.
With regard to the average price based upon the property in Sitka we can see that most expensive property type is "House" at a price of $635,152, they are 44 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 44 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $573 / sq.feet. "House" with an average cost of $573 / sq.feet has the lowest price and would be directed at less affluent cities.