The prices in real estate in Pierre, in the South Dakota 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 Pierre has increased strongly during the last 6 months. In September, the average price per sq.feet was $257. In the following month the price per sq.feet decreased considerably to $209. The price for the following two months in (November, December) had a considerable increment of 515 %. The price per sq.feet has had a considerable increase of 508 % 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 $717 to $3,642 during January, and February.
Based upon to the price in Pierre (cities), these have remained the same in the last 6 months. The price in September is $316,336, rising in October till $350,875. During the following two months (November, December) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $321,395.5 to $300,661.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $332,723 they are 85 % more affordable than the average price for Pierre. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,495.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $7,060 / sq.feet price in Pierre. The properties with the lowest average prices have 4 bedrooms. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $214 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $332,723 it is 85 % cheaper than the average price in Pierre. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $137,002 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $131 / sq.feet followed by "House" priced at $224 / sq.feet. "Land" is the most costly type of property with a $21,841 / sq.feet cost followed by "House" with an average price of $224 / sq.feet.