The prices in real estate in Spring Park, in the Minnesota 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 Spring Park has increased strongly during the last 6 months. In October, the average price per sq.feet was $345. In the following month the price per sq.feet increased considerably to $785. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 118 % 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 $542.5 to $637.5 during February, and March.
Based upon to the price in Spring Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $571,178. During November the price went through a considerable rise reaching $1,399,000. During the following two months (December, January) the average price fell 91 % 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 119 % 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 $1,097,200 they are 78 % more affordable than the average price for Spring Park. The properties with the lowest average price have 2 bedrooms, Their price is 35 % cheaper than the average. After that we have properties with 3 bedrooms priced at $554,291.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $275 / sq.feet, with an average $553 / sq.feet price in Spring Park. The properties with the lowest average prices have 2 bedrooms. They are 19 % cheaper than the average followed by properties with 3 bedrooms with a price at $350 / sq.feet.