The prices in real estate in Priest River, in the Idaho 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 Priest River has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $1,321. In the following month the price per sq.feet decreased considerably to $561. The price for the following two months in (March, April) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $668 to $374.5 during May, and June.
Based upon to the price in Priest River (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $719,222. During February the price went through a considerable rise reaching $1,093,747. During the following two months (March, April) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $882,108.5 to $712,519, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $707,942 they are 29 % more affordable than the average price for Priest River. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 1 bedroom priced at $645,817.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $331 / sq.feet, with an average $382 / sq.feet price in Priest River. The properties with the highest average prices have 1 bedroom. They are 69 % more expensive than the average followed by properties with 4 bedrooms with a price at $480 / sq.feet.
With regard to the average price based upon the property in Priest River we can see that most expensive property type is "House" at a price of $733,043, they are 4 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 4 % more expensive 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 $371 / sq.feet. "House" with an average cost of $371 / sq.feet has the lowest price and would be directed at less affluent cities.