The prices in real estate in Townsend, in the Montana region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Townsend has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $654. In the following month the price per sq.feet decreased considerably to $228. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 149 % 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 $312.25 to $466.5 during February, and March.
Based upon to the price in Townsend (cities), this has gone up in the last 6 months. The price in October is $362,167, rising in November till $389,055. During the following two months (December, January) the average price fell 86 % 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 128 % 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 $411,616 they are 24 % more affordable than the average price for Townsend. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $329,838.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $481 / sq.feet price in Townsend. The properties with the highest average prices have 1 bedroom. They are 130 % more expensive than the average followed by properties with 3 bedrooms with a price at $213 / sq.feet.
With regard to the average price based upon the property in Townsend we can see that the cheapest property type is "Land" at a price of $289,137, they are 30 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 30 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $277 / sq.feet. "Land" with an average cost of $277 / sq.feet has the lowest price and would be directed at less affluent cities.