Property prices for sale in Willmar (Minnesota)
The prices in real estate in Willmar, 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 Willmar has increased strongly during the last 6 months. In November, the average price per sq.feet was $126. In December this price pretty much remained the same at a value of $127 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 194 %. The price per sq.feet has increased 106 % 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 $185.75 to $196.5 during March, and April.
Based upon to the price in Willmar (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $278,580. In December This price remains at $287,006. In the following two months the average price has remained the same with regard to the previous two months from $282,793 to $284,332. 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 $283,562.5 and $270,456.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $259,354 they are 58 % more affordable than the average price for Willmar. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 2 bedrooms priced at $284,367.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $124 / sq.feet, with an average $146 / sq.feet price in Willmar. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at $135 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $259,354 it is 82 % cheaper than the average price in Willmar. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $372,963 it is 115 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $91 / sq.feet followed by "Condo" priced at $122 / sq.feet. "Land" is the most costly type of property with a $46,632 / sq.feet cost followed by "House" with an average price of $142 / sq.feet.
