The prices in real estate in Preston, in the Idaho 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 Preston has increased strongly during the last 6 months. In September, the average price per sq.feet was $217. In the following month the price per sq.feet increased considerably to $830. The price for the following two months in (November, December) had a considerable increment of 381 %. The price per sq.feet has had a considerable increase of 1435 % 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 $1,258.75 to $18,057 during January, and February.
Based upon to the price in Preston (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $445,014. In October This price remains at $438,868. In the following two months the average price has remained the same with regard to the previous two months from $441,941 to $432,006. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $436,973.5 to $393,230 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $404,667 they are 35 % more affordable than the average price for Preston. The properties with the highest average price have 4 bedrooms, Their price is 493 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,680.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $14,415 / sq.feet price in Preston. The properties with the lowest average prices have 4 bedrooms. They are 88 % cheaper than the average followed by properties with 1 bedroom with a price at $372 / sq.feet.
With regard to the average price based upon the property in Preston we can see that the cheapest property type is "House" at a price of $340,424, they are 16 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 16 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $102 / sq.feet. "House" with an average cost of $102 / sq.feet has the lowest price and would be directed at less affluent cities.