The prices in real estate in Bigfork, in the Montana 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 Bigfork has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,499. In the following month the price per sq.feet increased considerably to $1,921. The price for the following two months in (September, October) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 24 % 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 $1,495.25 to $364 during November, and December.
Based upon to the price in Bigfork (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $464,422. During August the price went through a considerable rise reaching $582,791. During the following two months (September, October) 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 223 % 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 $1,507,581 they are 73 % more affordable than the average price for Bigfork. The properties with the lowest average price have 4 bedrooms, Their price is 37 % cheaper than the average. After that we have properties with 3 bedrooms priced at $743,586.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $392 / sq.feet, with an average $368 / sq.feet price in Bigfork. The properties with the highest average prices have 1 bedroom. They are 644 % more expensive than the average followed by properties with 4 bedrooms with a price at $679 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,507,581 it is 94 % cheaper than the average price in Bigfork. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $816,364 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $279 / sq.feet followed by "Condo" priced at $284 / sq.feet. "Land" is the most costly type of property with a $866 / sq.feet cost followed by "House" with an average price of $520 / sq.feet.