The prices in real estate in Wayzata, 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 Wayzata has increased strongly during the last 6 months. In April, the average price per sq.feet was $404. In the following month the price per sq.feet increased considerably to $980. In the following two months the price per sq.feet has increased 108 %, going from $692 to $744.5 per sq.feet. The price per sq.feet has had a considerable deflation of 60 % 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 $718.25 to $428 during August, and September.
Based upon to the price in Wayzata (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $1,346,086. During May the price went through a considerable rise reaching $1,588,513. In the following two months the average price has remained the same with regard to the previous two months from $1,467,299.5 to $1,529,059.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $1,498,179.5 to $1,290,654 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,262,035 they are 46 % more affordable than the average price for Wayzata. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,179,113.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $364 / sq.feet, with an average $421 / sq.feet price in Wayzata. The properties with the highest average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $464 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,262,035 it is 25 % cheaper than the average price in Wayzata. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $1,299,775 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $288 / sq.feet followed by "House" priced at $343 / sq.feet. "Condo" is the most costly type of property with a $548 / sq.feet cost followed by "House" with an average price of $343 / sq.feet.