The prices in real estate in Spokane, in the Washington region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Spokane has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $737. In the following month the price per sq.feet increased to $835. The price for the following two months in (November, December) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $624.75 to $248.5 during January, and February.
Based upon to the price in Spokane (cities), these have remained the same in the last 6 months. The average price for September is $519,965. During October the price had a slight fall till $484,419. In the following two months the average price has remained the same with regard to the previous two months from $502,192 to $499,420. 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 $500,806 and $523,813 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $491,097 they are 64 % more affordable than the average price for Spokane. 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 $470,134.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $171 / sq.feet, with an average $305 / sq.feet price in Spokane. The properties with the highest average prices have 4 bedrooms. They are 92 % more expensive than the average followed by properties with 1 bedroom with a price at $209 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $491,097 it is 75 % cheaper than the average price in Spokane. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $266,566 it is 7 % 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 $115 / sq.feet followed by "Duplex" priced at $120 / sq.feet. "Land" is the most costly type of property with a $3,667 / sq.feet cost followed by "House" with an average price of $204 / sq.feet.