The prices in real estate in Boise, in the Idaho 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 Boise has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $300. In the following month the price per sq.feet decreased considerably to $237. The price for the following two months in (August, September) decreased 90 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $254.5 to $242.5 during October y November
Based upon to the price in Boise (cities), this has fallen considerably in the last 6 months. The average price for June is $912,901. During July the price had a considerable reduction till $537,473. During the following two months (August, September) the average price had a considerable reduction of 65 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $599,344 to $503,232.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $474,206 they are 37 % more affordable than the average price for Boise. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 1 bedroom priced at $449,113.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $228 / sq.feet, with an average $243 / sq.feet price in Boise. The properties with the highest average prices have 1 bedroom. They are 166 % more expensive than the average followed by properties with 2 bedrooms with a price at $280 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $474,206 it is 49 % cheaper than the average price in Boise. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $314,927 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $117 / sq.feet followed by "Townhouse" priced at $218 / sq.feet. "House" is the cheapest type of property with a $232 / sq.feet value followed by "Townhouse" with an average price of $218 / sq.feet.