The prices in real estate in Island Park, 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 Island Park has increased strongly during the last 6 months. In February, the average price per sq.feet was $277. In March this price pretty much remained the same at a value of $273 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $275 to $286.5 per sq.feet. The price per sq.feet has had a considerable increase of 664 % 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 $280.75 to $1,864.5 during June, and July.
Based upon to the price in Island Park (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $887,244. In March This price remains at $899,759. During the following two months (April, May) the average price had a considerable increase of 118 % 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 $975,810.25 to $317,375, which means a 33 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $223,080 they are 4 % more expensive than the average price for Island Park. Following this ranking we find those properties with 1 at an average price of $316,500. The properties with the highest average price have 4 bedrooms, Their price is 572 % more costly than the average. After that we have properties with 3 bedrooms priced at $391,040.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $4,177 / sq.feet, with an average $1,933 / sq.feet price in Island Park. The properties with the highest average prices have 4 bedrooms. They are 374 % more expensive than the average followed by properties with 3 bedrooms with a price at $8,150 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $223,080 it is 56 % cheaper than the average price in Island Park. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $98,430 it is 160 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $497 / sq.feet followed by "House" priced at $5,794 / sq.feet. "House" is the most costly type of property with a $5,794 / sq.feet cost followed by "Land" with an average price of $497 / sq.feet.