The prices in real estate in Blackfoot, in the Idaho 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 Blackfoot has increased strongly during the last 6 months. In October, the average price per sq.feet was $184. In November this price pretty much remained the same at a value of $187 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 283 %. The price per sq.feet has had a considerable increase of 652 % 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 $355.5 to $2,317 during February, and March.
Based upon to the price in Blackfoot (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $388,523. In November This price remains at $386,238. In the following two months the average price has remained the same with regard to the previous two months from $387,380.5 to $379,531. 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 $383,455.75 and $375,744 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $378,135 they are 43 % more affordable than the average price for Blackfoot. The properties with the highest average price have 3 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 4 bedrooms priced at $375,605.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $146 / sq.feet, with an average $4,458 / sq.feet price in Blackfoot. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 1 bedroom with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $378,135 it is 68 % cheaper than the average price in Blackfoot. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $166,461 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $8 / sq.feet followed by "Farm" priced at $19 / sq.feet. "Land" is the most costly type of property with a $81,518 / sq.feet cost followed by "House" with an average price of $188 / sq.feet.