The prices in real estate in Wise River, in the Montana 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 Wise River has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,946. In the following month the price per sq.feet increased considerably to $6,076. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $4,469.75 to $433 during March, and April.
Based upon to the price in Wise River (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $1,320,000. During December the price went through a considerable rise reaching $1,798,000. During the following two months (January, February) the average price had a considerable reduction of 16 % 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 $907,850 to $523,083.5, which means a 58 % fall.