The prices in real estate in Lava Hot Springs, 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 Lava Hot Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $304. In the following month the price per sq.feet increased considerably to $350. The price for the following two months in (December, January) had a considerable increment of 700 %. The price per sq.feet has had a considerable increase of 587 % 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 $1,308.25 to $7,685.5 during February, and March.
Based upon to the price in Lava Hot Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $691,795. During November the price went through a considerable rise reaching $849,533. In the following two months the average price has remained the same with regard to the previous two months from $770,664 to $770,472. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $470,210 they are 46 % more affordable than the average price for Lava Hot Springs. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 2 bedrooms priced at $255,009.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $74 / sq.feet, with an average $14,791 / sq.feet price in Lava Hot Springs. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $74 / sq.feet.
With regard to the average price based upon the property in Lava Hot Springs we can see that the cheapest property type is "Land" at a price of $255,009, they are 46 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 46 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $74 / sq.feet. "Land" with an average cost of $74 / sq.feet has the lowest price and would be directed at less affluent cities.