The prices in real estate in South Saint Paul, in the Minnesota region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in South Saint Paul has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,227. In the following month the price per sq.feet decreased considerably to $165. In the following two months the price per sq.feet has increased 107 %, going from $1,696 to $1,822.5 per sq.feet. The price per sq.feet has had a considerable deflation of 33 % 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 $1,759.25 to $576.5 during November, and December.
Based upon to the price in South Saint Paul (cities), this has fallen considerably in the last 6 months. The average price for July is $4,743,051. During August the price had a considerable reduction till $282,519. During the following two months (September, October) the average price fell 93 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,430,747.25 to $542,046, which means a 22 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $801,233 they are 87 % more affordable than the average price for South Saint Paul. The properties with the lowest average price have 4 bedrooms, Their price is 55 % cheaper than the average. After that we have properties with 3 bedrooms priced at $304,489.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $987 / sq.feet price in South Saint Paul. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $137 / sq.feet.
With regard to the average price based upon the property in South Saint Paul we can see that the cheapest property type is "House" at a price of $248,028, they are 69 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 69 % 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 $133 / sq.feet. "House" with an average cost of $133 / sq.feet has the lowest price and would be directed at less affluent cities.