The prices in real estate in Choteau, 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 Choteau has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,411. In the following month the price per sq.feet increased considerably to $1,899. The price for the following two months in (January, February) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $893 to $236 during March, and April.
Based upon to the price in Choteau (cities), these have remained the same in the last 6 months. The average price during our first sample month during November, is $398,390. During December the price went through a considerable rise reaching $535,579. During the following two months (January, February) the average price had a considerable reduction of 53 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.