Property prices for sale in Libby (Montana)
The prices in real estate in Libby, in the Montana 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 Libby has increased strongly during the last 6 months. In October, the average price per sq.feet was $3,088. In the following month the price per sq.feet increased considerably to $4,093. The price for the following two months in (December, January) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable increase of 586 % 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 $2,091.75 to $12,250.5 during February, and March.
Based upon to the price in Libby (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $441,362. In November This price remains at $432,348. During the following two months (December, January) the price has had an average incrementation from $436,855 to $480,344.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $458,599.75 to $395,456 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $383,787 they are 35 % more affordable than the average price for Libby. The properties with the highest average price have 4 bedrooms, Their price is 80 % more costly than the average. After that we have properties with 3 bedrooms priced at $469,210.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $255 / sq.feet, with an average $12,465 / sq.feet price in Libby. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 4 bedrooms with a price at $339 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $383,787 it is 35 % cheaper than the average price in Libby. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $380,254 it is 20 % 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 $247 / sq.feet followed by "House" priced at $294 / sq.feet. "Land" is the most costly type of property with a $37,544 / sq.feet cost followed by "House" with an average price of $294 / sq.feet.
