The prices in real estate in Belt, in the Montana 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 Belt has increased strongly during the last 6 months. In October, the average price per sq.feet was $219. In the following month the price per sq.feet increased considerably to $284. The price for the following two months in (December, January) had a considerable increment of 125 %. The price per sq.feet has had a considerable increase of 168 % 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 $282.75 to $475 during February, and March.
Based upon to the price in Belt (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $536,033. During November the price went through a considerable rise reaching $711,500. During the following two months (December, January) the average price had a considerable increase of 127 % 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 162 % 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 $1,359,800 they are 90 % more affordable than the average price for Belt. The properties with the lowest average price have 2 bedrooms, Their price is 41 % cheaper than the average. After that we have properties with 3 bedrooms priced at $266,720.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $93 / sq.feet, with an average $500 / sq.feet price in Belt. The properties with the lowest average prices have 2 bedrooms. They are 31 % cheaper than the average followed by properties with 1 bedroom with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,359,800 it is 80 % cheaper than the average price in Belt. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $266,720 it is 75 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $93 / sq.feet followed by "Land" priced at $133 / sq.feet. "Land" is the cheapest type of property with a $133 / sq.feet value followed by "House" with an average price of $93 / sq.feet.