The average price in the Alaska region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Alaska has risen considerably in the last 6 months. During July, the average price per sq.feet was $458. The following month (August) the price had a considerable increase reaching $629 per sq.feet. The following two months (September, October) went through a considerable deflation of 36 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 44 %. This has been obtained by comparing the price of $370.75 for the first four months of the sample with regard to the previous 4 months and the price of $163.5 per sq.feet for the last two months (November, December).
Based upon to the price in Alaska(region), this has increased considerably in the last 6 months. In the first month sample for July the average price is $250,144. During August it went through a strong inflation reaching $305,674 The average price for the following two months (September, October) increased from $277,909 to $308,652.5. During the last two months the price has risen 111 % compared to the previous average values going from $293,280.75 a $325,484.5 in November and December.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 51 % more affordable than the average price in Alaska followed by those with 2 with an average price of $189,171. The most costly properties have 4 bedrooms. They are 15 % more expensive than the average followed by those properties with 3 bedrooms priced at $280,610.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $163 / sq.feet being $173 / sq.feet the average value within the Alaska region. The properties with the most expensive average price are those with 1 bedroom. These are 21 % more costly than the average followed by those with 4 bedrooms with a price of $168 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $335,727 it is 47 % more affordable than the average in Alaska. This is followed by "Condo" with a price of $206,447. The dearest property type is "Commercial" and is 35 % more expensive than the average, followed by "House" with a cost of $323,628.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $111 / sq.feet, followed by "Duplex" with a price of $151 / sq.feet. "Commercial" with an average price of $4,774 / sq.feet is the most costly type of property followed by "Condo" at a price of $172 / sq.feet.