The prices in real estate in Missoula, 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 Missoula has increased strongly during the last 6 months. In November, the average price per sq.feet was $229. In the following month the price per sq.feet increased to $246. In the following two months the price per sq.feet has increased 109 %, going from $237.5 to $258 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $247.75 to $352.5 during March, and April.
Based upon to the price in Missoula (cities), this has gone up in the last 6 months. The price in November is $537,250, rising in December till $601,353. In the following two months the average price has remained the same with regard to the previous two months from $569,301.5 to $580,973. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $687,534 they are 57 % more affordable than the average price for Missoula. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $475,018.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $216 / sq.feet, with an average $438 / sq.feet price in Missoula. The properties with the lowest average prices have 1 bedroom. They are 16 % cheaper than the average followed by properties with 4 bedrooms with a price at $264 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $687,534 it is 49 % cheaper than the average price in Missoula. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $987,686 it is 101 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $179 / sq.feet followed by "Condo" priced at $186 / sq.feet. "Land" is the most costly type of property with a $263,641 / sq.feet cost followed by "House" with an average price of $15,738 / sq.feet.