Property prices for sale in Missoula (Montana)
The prices in real estate in Missoula, 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 Missoula has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,393. In the following month the price per sq.feet decreased considerably to $443. In the following two months the price per sq.feet has increased 113 %, going from $918 to $1,037.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $977.75 to $897 during February, and March.
Based upon to the price in Missoula (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $751,261. In November This price remains at $717,245. During the following two months (December, January) the price has had an average incrementation from $734,253 to $774,860. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $754,556.5 and $747,502.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $765,017 they are 37 % more affordable than the average price for Missoula. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $695,407.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $316 / sq.feet, with an average $597 / sq.feet price in Missoula. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $385 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $765,017 it is 57 % cheaper than the average price in Missoula. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $759,439 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $115 / sq.feet followed by "Townhouse" priced at $248 / sq.feet. "Land" is the most costly type of property with a $82,249 / sq.feet cost followed by "Condo" with an average price of $541 / sq.feet.
