The prices in real estate in Jefferson City, in the Montana 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 Jefferson City has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $530. In the following month the price per sq.feet decreased considerably to $215. The price for the following two months in (October, November) had a considerable decrease of 68 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $313.25 to $211 during December, and January.
Based upon to the price in Jefferson City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $250,516. During September the price went through a considerable rise reaching $469,686. During the following two months (October, November) the price has had an average incrementation from $360,101 to $394,879.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $447,829 they are 53 % more affordable than the average price for Jefferson City. The properties with the highest average price have 1 bedroom, Their price is 13 % more costly than the average. After that we have properties with 4 bedrooms priced at $500,635.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $306 / sq.feet price in Jefferson City. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 4 bedrooms with a price at $461 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $447,829 it is 71 % cheaper than the average price in Jefferson City. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $128,270 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $59 / sq.feet followed by "Land" priced at $461 / sq.feet. "Land" is the most costly type of property with a $461 / sq.feet cost followed by "Condo" with an average price of $59 / sq.feet.