The prices in real estate in Hill City, in the South Dakota 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 Hill City has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $19,164. In the following month the price per sq.feet decreased to $18,052. The price for the following two months in (December, January) had a considerable decrease of 31 with regard to the prior two months. The price per sq.feet has had a considerable increase of 195 % 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 $12,194 to $23,745.5 during February, and March.
Based upon to the price in Hill City (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $657,997. In November This price remains at $652,674. During the following two months (December, January) the average price had a considerable increase of 122 % 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 gone up 105 % 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 $868,845 they are 73 % more affordable than the average price for Hill City. The properties with the lowest average price have 4 bedrooms, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $354,556.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $113 / sq.feet, with an average $25,739 / sq.feet price in Hill City. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $314 / sq.feet.
With regard to the average price based upon the property in Hill City we can see that the cheapest property type is "House" at a price of $382,854, they are 56 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 56 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $113 / sq.feet. "House" with an average cost of $113 / sq.feet has the lowest price and would be directed at less affluent cities.