The prices in real estate in Bonners Ferry, 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 Bonners Ferry has increased strongly during the last 6 months. In November, the average price per sq.feet was $162. In the following month the price per sq.feet increased to $172. In the following two months the price per sq.feet has increased 113 %, going from $167 to $189 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $178 to $253.5 during March, and April.
Based upon to the price in Bonners Ferry (cities), this has gone up considerably in the last 6 months. The average price for November is $428,746. During December the price had a slight fall till $400,088. During the following two months (January, February) the price has had an average incrementation from $414,417 to $473,661. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % 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 $574,171 they are 59 % more affordable than the average price for Bonners Ferry. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $368,060.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $245 / sq.feet price in Bonners Ferry. The properties with the lowest average prices have 1 bedroom. They are 24 % cheaper than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $574,171 it is 59 % cheaper than the average price in Bonners Ferry. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $310,573 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $130 / sq.feet followed by "House" priced at $166 / sq.feet. "Land" is the most costly type of property with a $282 / sq.feet cost followed by "House" with an average price of $166 / sq.feet.