The prices in real estate in Twin Falls, in the Idaho 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 Twin Falls has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,274. In the following month the price per sq.feet decreased considerably to $824. The price for the following two months in (September, October) had a considerable decrease of 20 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 24 % 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 $627.75 to $150.5 during November, and December.
Based upon to the price in Twin Falls (cities), this has gone up in the last 6 months. The average price for July is $266,220. During August the price had a slight fall till $235,025. During the following two months (September, October) the price has had an average incrementation from $250,622.5 to $282,471. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $305,268 they are 63 % more affordable than the average price for Twin Falls. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,598.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $151 / sq.feet, with an average $150 / sq.feet price in Twin Falls. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $305,268 it is 58 % cheaper than the average price in Twin Falls. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $234,714 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $107 / sq.feet followed by "Condo" priced at $129 / sq.feet. "Land" is the most costly type of property with a $1,891 / sq.feet cost followed by "House" with an average price of $146 / sq.feet.