The prices in real estate in Troy, 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 Troy has increased strongly during the last 6 months. In October, the average price per sq.feet was $189. In the following month the price per sq.feet increased to $213. In the following two months the price per sq.feet has increased 107 %, going from $201 to $215 per sq.feet. The price per sq.feet has had a considerable increase of 1931 % 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 $208 to $4,016.5 during February, and March.
Based upon to the price in Troy (cities), this has gone up in the last 6 months. The price in October is $332,227, rising in November till $354,193. During the following two months (December, January) the average price fell 95 % 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 $433,150 they are 22 % more affordable than the average price for Troy. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $463,659.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $5,649 / sq.feet price in Troy. The properties with the lowest average prices have 2 bedrooms. They are 94 % cheaper than the average followed by properties with 1 bedroom with a price at $291 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $433,150 it is 56 % cheaper than the average price in Troy. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $282,512 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $63 / sq.feet followed by "Townhouse" priced at $192 / sq.feet. "Land" is the most costly type of property with a $49,421 / sq.feet cost followed by "House" with an average price of $267 / sq.feet.