The average price in the Montana region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Montana has risen considerably in the last 6 months. During June, the average price per sq.feet was $211. The following month (July) the price had a considerable increase reaching $251 per sq.feet. The following two months (August, September) went through a considerable deflation of 63 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has decreased 87 %. This has been obtained by comparing the price $187.75 for the first four months of the sample with regard to the previous 4 months and the price $163 per sq.feet for the last two months (October, November).
Based upon to the price in Montana(region), this has decreased considerably in the last 6 months. June has an average price of $429,167. During July the price had a slight deflation till $375,540. In the following two months the average price has decreased 78 % compared to the previous two. During the last two months the average price has remained stagnant and has gone from $358,125.5 to $362,351 during October and November.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 58 % more affordable than the average price in Montana followed by those with 1 with an average price of $192,195. The cheapest properties have 4 bedrooms. They are 1 % cheaper than the average followed by those properties with 3 bedrooms priced at $344,543.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $145 / sq.feet being $173 / sq.feet the average value within the Montana region. The properties with the most expensive average price are those with 1 bedroom. These are 34 % more costly than the average followed by those with 3 bedrooms with a price of $170 / sq.feet.
The graph displaying the average price according to the property type shows "House" as the cheapest one. With an average cost of $412,139 it is 17 % more affordable than the average in Montana. This is followed by "Farm" with a price of $383,892. The dearest property type is "Condo" and is 39 % more expensive than the average, followed by "Commercial" with a cost of $385,820.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $146 / sq.feet, followed by "Farm" with a price of $404 / sq.feet. "Condo" with an average price of $1,882 / sq.feet is the most costly type of property followed by "Commercial" at a price of $409 / sq.feet.