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 March, the average price per sq.feet was $170. In the following month the price per sq.feet decreased to $161. The price for the following two months in (May, June) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $152.5 to $137 during July, and August.
Based upon to the price in Wallace (cities), this has gone downing the last 6 months. The average price during our first sample month during March, is $310,970. During April the price went through a considerable rise reaching $441,700. During the following two months (May, June) the average price had a considerable reduction of 66 % 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 $312,750.75 to $243,523, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $266,033 they are 50 % more affordable than the average price for Wallace. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at $265,238.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $46 / sq.feet, with an average $142 / sq.feet price in Wallace. The properties with the highest average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $266,033 it is 0 % cheaper than the average price in Wallace. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $290,847 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $46 / sq.feet followed by "Commercial" priced at $106 / sq.feet. "Townhouse" is the cheapest type of property with a $110 / sq.feet value followed by "Commercial" with an average price of $106 / sq.feet.