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 May, the average price per sq.feet was $390. In the following month the price per sq.feet decreased considerably to $303. The price for the following two months in (July, August) had a considerable increment of 130 %. The price per sq.feet has had a considerable deflation of 42 % 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 $399.25 to $167.5 during September, and October.
Based upon to the price in Priest River (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $369,929. In June This price remains at $362,974. In the following two months the average price has remained the same with regard to the previous two months from $366,451.5 to $373,157.5. 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 $369,804.5 to $334,429.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $337,292 they are 49 % more affordable than the average price for Priest River. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $322,204.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $174 / sq.feet, with an average $173 / sq.feet price in Priest River. The properties with the highest average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
With regard to the average price based upon the property in Priest River we can see that the cheapest property type is "House" at a price of $314,227, they are 7 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 7 % 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 $166 / sq.feet. "House" with an average cost of $166 / sq.feet has the lowest price and would be directed at less affluent cities.