The prices in real estate in Spokane, in the Washington 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 Spokane has increased strongly during the last 6 months. In October, the average price per sq.feet was $138. In November this price pretty much remained the same at a value of $140 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $139 to $142 per sq.feet. The price per sq.feet has had a considerable increase of 215 % 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 $140.5 to $302 during February, and March.
Based upon to the price in Spokane (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $280,917. In November This price remains at $284,317. During the following two months (December, January) the price has had an average incrementation from $282,617 to $319,833.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % 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 $372,241 they are 68 % more affordable than the average price for Spokane. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $312,615.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $438 / sq.feet price in Spokane. The properties with the highest average prices have 4 bedrooms. They are 132 % more expensive than the average followed by properties with 1 bedroom with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $372,241 it is 28 % cheaper than the average price in Spokane. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $278,027 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $122 / sq.feet followed by "Townhouse" priced at $162 / sq.feet. "House" is the most costly type of property with a $2,469 / sq.feet cost followed by "Townhouse" with an average price of $162 / sq.feet.