The prices in real estate in Wallace, in the Idaho region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Wallace has increased during the last 6 months. In December, the average price per sq.feet was $177. In the following month the price per sq.feet decreased to $162. In the following two months the price per sq.feet has barely changed, going from $169.5 to $177.5 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $173.5 to $242.5 during April, and May.
Based upon to the price in Wallace (cities), these have remained the same in the last 6 months. The average price for December is $406,007. During January the price had a considerable reduction till $331,759. During the following two months (February, March) the average price fell 92 % 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 150 % 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 $500,192 they are 55 % more affordable than the average price for Wallace. The properties with the lowest average price have 2 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 4 bedrooms priced at $283,434.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $13 / sq.feet, with an average $208 / sq.feet price in Wallace. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $177 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $500,192 it is 49 % cheaper than the average price in Wallace. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $281,386 it is 43 % 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 $13 / sq.feet followed by "Commercial" priced at $73 / sq.feet. "Townhouse" is the cheapest type of property with a $77 / sq.feet value followed by "Commercial" with an average price of $73 / sq.feet.