Property prices for sale in Tower (Minnesota)
The prices in real estate in Tower, 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 Tower has increased strongly during the last 6 months. In October, the average price per sq.feet was $383. In the following month the price per sq.feet increased considerably to $4,110. The price for the following two months in (December, January) had a considerable increment of 136 %. The price per sq.feet has had a considerable increase of 303 % 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 $2,646 to $8,012.5 during February, and March.
Based upon to the price in Tower (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $559,882. In November This price remains at $546,486. During the following two months (December, January) the average price had a considerable increase of 120 % 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 $608,901.75 to $394,285.5, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $336,619 they are 29 % more affordable than the average price for Tower. The properties with the highest average price have 1 bedroom, Their price is 54 % more costly than the average. After that we have properties with 4 bedrooms priced at $493,260.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $189 / sq.feet, with an average $9,593 / sq.feet price in Tower. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $655 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $336,619 it is 30 % cheaper than the average price in Tower. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $237,211 it is 29 % 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 $433 / sq.feet followed by "Land" priced at $86,569 / sq.feet. "Land" is the most costly type of property with a $86,569 / sq.feet cost followed by "House" with an average price of $433 / sq.feet.
