The prices in real estate in Townsend, 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 Townsend has increased strongly during the last 6 months. In November, the average price per sq.feet was $3,298. In the following month the price per sq.feet decreased to $2,982. The price for the following two months in (January, February) had a considerable increment of 177 %. The price per sq.feet has had a considerable increase of 146 % 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 $4,343 to $6,334.5 during March, and April.
Based upon to the price in Townsend (cities), this has gone up in the last 6 months. The average price for November is $574,841. During December the price had a slight fall till $542,803. During the following two months (January, February) the price has had an average incrementation from $558,822 to $608,731. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $698,538 they are 43 % more affordable than the average price for Townsend. The properties with the highest average price have 1 bedroom, Their price is 310 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,281,159.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $258 / sq.feet, with an average $589 / sq.feet price in Townsend. The properties with the highest average prices have 1 bedroom. They are 519 % more expensive than the average followed by properties with 4 bedrooms with a price at $320 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $698,538 it is 72 % cheaper than the average price in Townsend. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $196,225 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $319 / sq.feet followed by "Land" priced at $63,522 / sq.feet. "Land" is the most costly type of property with a $63,522 / sq.feet cost followed by "House" with an average price of $319 / sq.feet.