The prices in real estate in Sterling, 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 Sterling has increased strongly during the last 6 months. In January, the average price per sq.feet was $147. In February this price pretty much remained the same at a value of $150 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 116 %. The price per sq.feet has increased 113 % 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 $160.25 to $181.5 during May, and June.
Based upon to the price in Sterling (cities), this has gone up considerably in the last 6 months. The price in January is $212,972, rising in February till $234,253. During the following two months (March, April) the average price had a considerable increase of 130 % 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 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $326,532 they are 64 % more affordable than the average price for Sterling. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 1 bedroom priced at $195,652.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $63 / sq.feet, with an average $202 / sq.feet price in Sterling. The properties with the lowest average prices have 1 bedroom. They are 17 % cheaper than the average followed by properties with 2 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $326,532 it is 76 % cheaper than the average price in Sterling. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $76,800 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $161 / sq.feet followed by "Land" priced at $721 / sq.feet. "Land" is the most costly type of property with a $721 / sq.feet cost followed by "House" with an average price of $161 / sq.feet.