The prices in real estate in Riggins, 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 Riggins has increased strongly during the last 6 months. In April, the average price per sq.feet was $366. In the following month the price per sq.feet increased considerably to $629. The price for the following two months in (June, July) had a considerable increment of 330 %. The price per sq.feet has had a considerable deflation of 30 % 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 $1,068.5 to $325 during August, and September.
Based upon to the price in Riggins (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $597,833. During May the price went through a considerable rise reaching $911,667. During the following two months (June, July) the average price had a considerable increase of 250 % 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 $1,320,350.75 to $1,050,837.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $962,387 they are 66 % more affordable than the average price for Riggins. The properties with the highest average price have 1 bedroom, Their price is 134 % more costly than the average. After that we have properties with 4 bedrooms priced at $523,500.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $314 / sq.feet price in Riggins. The properties with the highest average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at $239 / sq.feet.
With regard to the average price based upon the property in Riggins we can see that the cheapest property type is "House" at a price of $427,306, they are 56 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 56 % 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 $223 / sq.feet. "House" with an average cost of $223 / sq.feet has the lowest price and would be directed at less affluent cities.