The prices in real estate in Red Lodge, 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 Red Lodge has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $215. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 200 %. The price per sq.feet has had a considerable increase of 145 % 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 $161 to $233.5 during June, and July.
Based upon to the price in Red Lodge (cities), this has gone downing the last 6 months. The average price for February is $419,706. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 222 % 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 154 % 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 $550,804 they are 61 % more affordable than the average price for Red Lodge. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $508,537.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $206 / sq.feet, with an average $240 / sq.feet price in Red Lodge. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at $233 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $550,804 it is 21 % cheaper than the average price in Red Lodge. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $434,029 it is 8 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $211 / sq.feet. "House" with an average cost of $211 / sq.feet has the lowest price and would be directed at less affluent cities.