The prices in real estate in Butte, 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 Butte has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $267. In the following month the price per sq.feet decreased considerably to $158. The price for the following two months in (September, October) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $163.5 to $112 during November, and December.
Based upon to the price in Butte (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $183,123. In August This price remains at $182,038. During the following two months (September, October) the price has had an average incrementation from $182,580.5 to $209,704.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $222,572 they are 54 % more affordable than the average price for Butte. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $202,371.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $112 / sq.feet price in Butte. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $222,572 it is 73 % cheaper than the average price in Butte. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $207,506 it is 208 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $17 / sq.feet followed by "Detached House" priced at $74 / sq.feet. "Commercial" is the most costly type of property with a $643 / sq.feet cost followed by "Land" with an average price of $237 / sq.feet.