The prices in real estate in Watford City, in the North Dakota 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 Watford City has increased during the last 6 months. In November, the average price per sq.feet was $10,745. In the following month the price per sq.feet decreased considerably to $220. The price for the following two months in (January, February) had a considerable increment of 152 %. The price per sq.feet has had a considerable increase of 322 % 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 $6,901 to $22,228 during March, and April.
Based upon to the price in Watford City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $274,518. During December the price went through a considerable rise reaching $374,863. During the following two months (January, February) the average price had a considerable increase of 129 % 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 $371,175.5 to $314,776.5, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,684 they are 48 % more affordable than the average price for Watford City. The properties with the highest average price have 4 bedrooms, Their price is 165 % more costly than the average. After that we have properties with 2 bedrooms priced at $232,434.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $25,197 / sq.feet price in Watford City. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 4 bedrooms with a price at $244 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $345,684 it is 32 % cheaper than the average price in Watford City. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $388,102 it is 14 % 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 $92 / sq.feet followed by "Apartment" priced at $97 / sq.feet. "Condo" is the cheapest type of property with a $293 / sq.feet value followed by "Detached House" with an average price of $204 / sq.feet.