The prices in real estate in Driggs, in the Wyoming 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 Driggs has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,562. In the following month the price per sq.feet decreased considerably to $1,047. The price for the following two months in (January, February) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable increase of 191 % 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 $1,701.75 to $3,256 during March, and April.
Based upon to the price in Driggs (cities), this has fallen considerably in the last 6 months. The average price for November is $1,181,071. During December the price had a considerable reduction till $886,440. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,145,049 they are 44 % more affordable than the average price for Driggs. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 1 bedroom priced at $1,512,000.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $576 / sq.feet, with an average $5,813 / sq.feet price in Driggs. The properties with the lowest average prices have 1 bedroom. They are 69 % cheaper than the average followed by properties with 3 bedrooms with a price at $587 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,145,049 it is 43 % cheaper than the average price in Driggs. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $658,198 it is 10 % 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 $419 / sq.feet followed by "House" priced at $652 / sq.feet. "House" is the cheapest type of property with a $652 / sq.feet value followed by "Condo" with an average price of $419 / sq.feet.