The prices in real estate in Garden City, 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 Garden City has increased strongly during the last 6 months. In October, the average price per sq.feet was $267. In the following month the price per sq.feet decreased to $249. In the following two months the price per sq.feet has increased 106 %, going from $258 to $272.5 per sq.feet. The price per sq.feet has had a considerable increase of 226 % 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 $265.25 to $598.5 during February, and March.
Based upon to the price in Garden City (cities), these have remained the same in the last 6 months. The average price for October is $538,765. During November the price had a slight fall till $491,314. In the following two months the average price has remained the same with regard to the previous two months from $515,039.5 to $535,026.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $612,369 they are 45 % more affordable than the average price for Garden City. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $534,977.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $942 / sq.feet price in Garden City. The properties with the lowest average prices have 4 bedrooms. They are 67 % cheaper than the average followed by properties with 3 bedrooms with a price at $270 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $612,369 it is 7 % cheaper than the average price in Garden City. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $629,812 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $263 / sq.feet followed by "Detached House" priced at $287 / sq.feet. "Land" is the most costly type of property with a $234,008 / sq.feet cost followed by "Condo" with an average price of $350 / sq.feet.