The prices in real estate in Spirit Lake, 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 Spirit Lake has increased strongly during the last 6 months. In November, the average price per sq.feet was $343. In the following month the price per sq.feet decreased to $306. The price for the following two months in (January, February) had a considerable increment of 130 %. The price per sq.feet has had a considerable increase of 128 % 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 $372.5 to $477.5 during March, and April.
Based upon to the price in Spirit Lake (cities), this has gone up in the last 6 months. The average price for November is $662,761. During December the price had a considerable reduction till $559,720. During the following two months (January, February) the average price had a considerable increase of 129 % 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 118 % 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 $879,788 they are 69 % more affordable than the average price for Spirit Lake. The properties with the lowest average price have 4 bedrooms, Their price is 51 % cheaper than the average. After that we have properties with 3 bedrooms priced at $369,795.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $179 / sq.feet, with an average $486 / sq.feet price in Spirit Lake. The properties with the lowest average prices have 1 bedroom. They are 42 % cheaper than the average followed by properties with 2 bedrooms with a price at $204 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $879,788 it is 58 % cheaper than the average price in Spirit Lake. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $365,688 it is 51 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $202 / sq.feet followed by "House" priced at $204 / sq.feet. "House" is the cheapest type of property with a $204 / sq.feet value followed by "Land" with an average price of $202 / sq.feet.