The prices in real estate in Idaho Falls, in the Idaho 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 Idaho Falls has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $307. In the following month the price per sq.feet decreased considerably to $107. The price for the following two months in (November, December) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $163.5 to $136.5 during January, and February.
Based upon to the price in Idaho Falls (cities), this has gone up considerably in the last 6 months. The average price for September is $310,031. During October the price had a slight fall till $288,770. In the following two months the average price has remained the same with regard to the previous two months from $299,400.5 to $311,538.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % 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 $415,657 they are 44 % more affordable than the average price for Idaho Falls. The properties with the highest average price have 3 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 4 bedrooms priced at $322,874.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $135 / sq.feet price in Idaho Falls. The properties with the highest average prices have 3 bedrooms. They are 284 % more expensive than the average followed by properties with 1 bedroom with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $415,657 it is 28 % cheaper than the average price in Idaho Falls. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $301,881 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $109 / sq.feet followed by "Condo" priced at $124 / sq.feet. "House" is the cheapest type of property with a $128 / sq.feet value followed by "Condo" with an average price of $124 / sq.feet.