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 May, the average price per sq.feet was $998. In the following month the price per sq.feet decreased considerably to $602. The price for the following two months in (July, August) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $660 to $414.5 during September, and October.
Based upon to the price in Townsend (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $490,714. In June This price remains at $501,286. During the following two months (July, August) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $449,621.75 to $337,535, which means a 75 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 20 % cheaper than the average price of $290,590 in Townsend. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 20 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 57 % cheaper than the average price of ($282 / sq.feet) in Townsend. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 57 % cheaper than the average value aforementioned.
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 $290,590, they are 20 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 20 % 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 $282 / sq.feet. "Land" with an average cost of $282 / sq.feet has the lowest price and would be directed at less affluent cities.