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 April, the average price per sq.feet was $409. In the following month the price per sq.feet decreased considerably to $324. The price for the following two months in (June, July) had a considerable increment of 137 %. The price per sq.feet has had a considerable increase of 128 % 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 $433.5 to $555 during August, and September.
Based upon to the price in Missoula (cities), this has gone up considerably in the last 6 months. The price in April is $372,750, rising in May till $415,087. During the following two months (June, July) the price has had an average incrementation from $393,918.5 to $435,678. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $513,407 they are 57 % more affordable than the average price for Missoula. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $384,697.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $202 / sq.feet, with an average $448 / sq.feet price in Missoula. The properties with the lowest average prices have 1 bedroom. They are 27 % cheaper than the average followed by properties with 4 bedrooms with a price at $217 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $513,407 it is 55 % cheaper than the average price in Missoula. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial". At a price of $400,189 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $173 / sq.feet followed by "Commercial" priced at $186 / sq.feet. "Apartment" is the cheapest type of property with a $434 / sq.feet value followed by "Office" with an average price of $193 / sq.feet.