The prices in real estate in Polson, 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 Polson has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $1,655. In the following month the price per sq.feet decreased considerably to $1,231. The price for the following two months in (October, November) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 37 % 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 $892.25 to $329 during December, and January.
Based upon to the price in Polson (cities), this has gone up considerably in the last 6 months. The average price for August is $419,197. During September the price had a considerable reduction till $256,669. During the following two months (October, November) the average price had a considerable increase of 151 % 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 169 % 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 $863,000 they are 80 % more affordable than the average price for Polson. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $462,837.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $763 / sq.feet, with an average $446 / sq.feet price in Polson. The properties with the highest average prices have 4 bedrooms. They are 781 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,669 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $863,000 it is 87 % cheaper than the average price in Polson. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $462,669 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $111 / sq.feet followed by "Commercial" priced at $405 / sq.feet. "House" is the most costly type of property with a $2,367 / sq.feet cost followed by "Land" with an average price of $761 / sq.feet.