The prices in real estate in Island Park, 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 Island Park has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,796. In the following month the price per sq.feet increased to $1,933. The price for the following two months in (August, September) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $1,491.5 to $274 during October, and November.
Based upon to the price in Island Park (cities), this has gone up in the last 6 months. The average price for June is $411,670. During July the price had a considerable reduction till $223,080. During the following two months (August, September) the price has had an average incrementation from $317,375 to $345,241. Based on an analysis of the first four prices and the last two months the average price has risen strongly 196 % 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 $690,633 they are 62 % more affordable than the average price for Island Park. The properties with the highest average price have 4 bedrooms, Their price is 147 % more costly than the average. After that we have properties with 3 bedrooms priced at $558,773.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $274 / sq.feet price in Island Park. The properties with the highest average prices have 4 bedrooms. They are 34 % more expensive than the average followed by properties with 1 bedroom with a price at $312 / sq.feet.
With regard to the average price based upon the property in Island Park we can see that most expensive property type is "House" at a price of $718,945, they are 4 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 4 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $277 / sq.feet. "House" at an average price of $277 / sq.feet has the most expensive price and would be directed at more affluent cities.