The prices in real estate in Pierre, in the South Dakota 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 Pierre has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $221. In the following month the price per sq.feet decreased considerably to $149. The price for the following two months in (March, April) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has increased 112 % 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 $171 to $191.5 during May, and June.
Based upon to the price in Pierre (cities), this has fallen considerably in the last 6 months. The average price for January is $614,002. During February the price had a considerable reduction till $272,100. During the following two months (March, April) the average price had a considerable reduction of 62 % with regard to the previous two months. 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 3 bedrooms are the cheapest ones. At a price of $613,387 they are 92 % more affordable than the average price for Pierre. The properties with the lowest average price have 1 bedroom, Their price is 92 % cheaper than the average. After that we have properties with 2 bedrooms priced at $50,991.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $163 / sq.feet, with an average $220 / sq.feet price in Pierre. The properties with the lowest average prices have 1 bedroom. They are 18 % cheaper than the average followed by properties with 2 bedrooms with a price at $175 / sq.feet.
With regard to the average price based upon the property in Pierre we can see that the cheapest property type is "Land" at a price of $50,379, they are 92 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 92 % 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 $163 / sq.feet. "Land" with an average cost of $163 / sq.feet has the lowest price and would be directed at less affluent cities.