The prices in real estate in Shepherd, in the Montana 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 Shepherd has increased strongly during the last 6 months. In March, the average price per sq.feet was $180. In the following month the price per sq.feet increased considerably to $10,593. The price for the following two months in (May, June) had a considerable increment of 169 %. The price per sq.feet has had a considerable increase of 118 % 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 $7,254.5 to $8,560.5 during July, and August.
Based upon to the price in Shepherd (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $345,175. During April the price went through a considerable rise reaching $1,445,750. During the following two months (May, June) the average price had a considerable reduction of 38 % 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 396 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 92 % cheaper than the average price of $347,235 in Shepherd. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 92 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % cheaper than the average price of ($120 / sq.feet) in Shepherd. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $4,530,683 it is 96 % cheaper than the average price in Shepherd. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $178,449 it is 92 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $95 / sq.feet followed by "House" priced at $120 / sq.feet. "House" is the cheapest type of property with a $120 / sq.feet value followed by "Apartment" with an average price of $95 / sq.feet.