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 March, the average price per sq.feet was $523. In the following month the price per sq.feet decreased considerably to $295. The price for the following two months in (May, June) had a considerable increment of 324 %. The price per sq.feet has had a considerable increase of 259 % 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 $867.25 to $2,242.5 during July, and August.
Based upon to the price in Sitka (cities), this has gone up considerably in the last 6 months. The average price for March is $624,738. During April the price had a slight fall till $565,780. During the following two months (May, June) the average price had a considerable increase of 300 % 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 261 % 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 $3,225,106 they are 91 % more affordable than the average price for Sitka. The properties with the lowest average price have 4 bedrooms, Their price is 84 % cheaper than the average. After that we have properties with 1 bedroom priced at $492,527.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $2,293 / sq.feet price in Sitka. The properties with the lowest average prices have 1 bedroom. They are 16 % cheaper than the average followed by properties with 2 bedrooms with a price at $352 / sq.feet.
With regard to the average price based upon the property in Sitka we can see that the cheapest property type is "House" at a price of $653,864, they are 80 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 80 % more affordable 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 $602 / sq.feet. "House" with an average cost of $602 / sq.feet has the lowest price and would be directed at less affluent cities.