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 November, the average price per sq.feet was $481. In the following month the price per sq.feet increased to $532. The price for the following two months in (January, February) had a considerable increment of 124 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $568.5 to $574 during March y April
Based upon to the price in Wayzata (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $1,397,192. In December This price remains at $1,444,547. During the following two months (January, February) the average price had a considerable increase of 136 % 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 121 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,978,810 they are 68 % more affordable than the average price for Wayzata. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,775,580.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $459 / sq.feet, with an average $542 / sq.feet price in Wayzata. The properties with the highest average prices have 2 bedrooms. They are 54 % more expensive than the average followed by properties with 1 bedroom with a price at $727 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,978,810 it is 17 % 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 $1,945,309 it is 11 % 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 $509 / sq.feet followed by "Condo" priced at $1,008 / sq.feet. "Land" is the most costly type of property with a $483,224 / sq.feet cost followed by "Condo" with an average price of $1,008 / sq.feet.