The prices in real estate in Victoria, 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 Victoria has increased strongly during the last 6 months. In April, the average price per sq.feet was $172. In May this price pretty much remained the same at a value of $179 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 172 %. The price per sq.feet has had a considerable deflation of 77 % 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 $238.5 to $184.5 during August, and September.
Based upon to the price in Victoria (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $528,027. In May This price remains at $527,608. During the following two months (June, July) the price has had an average incrementation from $527,817.5 to $590,239.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $559,028.5 and $565,991 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $542,467 they are 35 % more affordable than the average price for Victoria. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 1 bedroom priced at $429,349.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $183 / sq.feet price in Victoria. The properties with the highest average prices have 2 bedrooms. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at $149 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $542,467 it is 21 % cheaper than the average price in Victoria. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $430,285 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $145 / sq.feet followed by "House" priced at $146 / sq.feet. "House" is the cheapest type of property with a $146 / sq.feet value followed by "Townhouse" with an average price of $145 / sq.feet.