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 April, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $216. The price for the following two months in (June, July) had a considerable increment of 214 %. The price per sq.feet has had a considerable increase of 160 % 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 $169.5 to $270.5 during August, and September.
Based upon to the price in Tower (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching $1,059,667. During the following two months (June, July) the average price had a considerable increase of 136 % 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 $625,086.5 to $522,083.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $494,567 they are 28 % more affordable than the average price for Tower. 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 3 bedrooms priced at $558,680.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $266 / sq.feet price in Tower. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 3 bedrooms with a price at $288 / sq.feet.
With regard to the average price based upon the property in Tower we can see that most expensive property type is "House" at a price of $538,025, they are 9 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 9 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $300 / sq.feet. "House" at an average price of $300 / sq.feet has the most expensive price and would be directed at more affluent cities.