The prices in real estate in Colstrip, 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 Colstrip has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $7,056. In the following month the price per sq.feet increased considerably to $13,984. The price for the following two months in (January, February) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $7,930.5 to $137 during March, and April.
Based upon to the price in Colstrip (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $317,500. During December the price went through a considerable rise reaching $418,333. During the following two months (January, February) the price has had an average incrementation from $367,916.5 to $391,691.5. 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 $379,804 and $389,250 between March and April.