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 $280. In the following month the price per sq.feet decreased to $261. The price for the following two months in (January, February) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1584 % 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 $249.75 to $3,955 during March, and April.
Based upon to the price in Bonners Ferry (cities), these have remained the same in the last 6 months. The average price for November is $567,620. During December the price had a slight fall till $538,546. During the following two months (January, February) the price has had an average incrementation from $553,083 to $594,325. 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 $573,704 and $575,379.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $637,558 they are 35 % more affordable than the average price for Bonners Ferry. The properties with the highest average price have 1 bedroom, Their price is 114 % more costly than the average. After that we have properties with 4 bedrooms priced at $753,921.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $271 / sq.feet, with an average $670 / sq.feet price in Bonners Ferry. The properties with the highest average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at $307 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $637,558 it is 29 % cheaper than the average price in Bonners Ferry. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $593,883 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $244 / sq.feet followed by "House" priced at $270 / sq.feet. "Land" is the most costly type of property with a $57,144 / sq.feet cost followed by "House" with an average price of $270 / sq.feet.