The prices in real estate in Wallace, 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 Wallace has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $241. In the following month the price per sq.feet decreased to $208. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $210.5 to $202 during February y March
Based upon to the price in Wallace (cities), this has gone downing the last 6 months. The average price for October is $441,800. During November the price had a slight fall till $404,282. During the following two months (December, January) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $394,244.5 to $371,753 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,376 they are 36 % more affordable than the average price for Wallace. The properties with the lowest average price have 2 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 4 bedrooms priced at $280,607.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $3 / sq.feet, with an average $212 / sq.feet price in Wallace. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $345,376 it is 26 % 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 $278,580 it is 19 % 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 $3 / sq.feet followed by "Commercial" priced at $63 / sq.feet. "Townhouse" is the cheapest type of property with a $67 / sq.feet value followed by "Commercial" with an average price of $63 / sq.feet.