The prices in real estate in Rexburg, 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 Rexburg has increased strongly during the last 6 months. In July, the average price per sq.feet was $197. In August this price pretty much remained the same at a value of $191 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $194 to $202 per sq.feet. The price per sq.feet has had a considerable increase of 58883 % 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 $198 to $116,587.5 during November, and December.
Based upon to the price in Rexburg (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $707,895. In August This price remains at $709,497. In the following two months the average price has remained the same with regard to the previous two months from $708,696 to $679,698.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 547 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $6,050,500 they are 95 % more affordable than the average price for Rexburg. The properties with the lowest average price have 1 bedroom, Their price is 95 % cheaper than the average. After that we have properties with 4 bedrooms priced at $301,088.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $79,008 / sq.feet price in Rexburg. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 4 bedrooms with a price at $97 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $6,050,500 it is 96 % cheaper than the average price in Rexburg. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $281,507 it is 95 % 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 $57 / sq.feet followed by "Apartment" priced at $97 / sq.feet. "Townhouse" is the cheapest type of property with a $117 / sq.feet value followed by "Apartment" with an average price of $97 / sq.feet.