The prices in real estate in Great Falls, in the Montana region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Great Falls has increased during the last 6 months. In March, the average price per sq.feet was $109. In the following month the price per sq.feet increased to $115. In the following two months the price per sq.feet has increased 112 %, going from $112 to $125.5 per sq.feet. The price per sq.feet has decreased 93 % 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 $118.75 to $110 during July, and August.
Based upon to the price in Great Falls (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $225,804. In April This price remains at $223,108. During the following two months (May, June) the average price had a considerable increase of 219 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $358,107.25 to $234,760, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $232,621 they are 46 % more affordable than the average price for Great Falls. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at $328,013.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $89 / sq.feet, with an average $111 / sq.feet price in Great Falls. The properties with the highest average prices have 3 bedrooms. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $115 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $232,621 it is 27 % cheaper than the average price in Great Falls. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $223,583 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $72 / sq.feet followed by "Apartment" priced at $92 / sq.feet. "House" is the most costly type of property with a $115 / sq.feet cost followed by "Apartment" with an average price of $92 / sq.feet.