Property prices for sale in Austin (Texas)
The prices in real estate in Austin, in the Texas 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 Austin has increased during the last 6 months. In October, the average price per sq.feet was $428. In November this price pretty much remained the same at a value of $411 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $419.5 to $472 per sq.feet. The price per sq.feet has increased 107 % 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 $445.75 to $478 during February, and March.
Based upon to the price in Austin (cities), these have remained the same in the last 6 months. The average price for October is $943,875. During November the price had a slight fall till $850,528. In the following two months the average price has remained the same with regard to the previous two months from $897,201.5 to $938,862. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,091,872 they are 58 % more affordable than the average price for Austin. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $701,351.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $398 / sq.feet, with an average $503 / sq.feet price in Austin. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $500 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,091,872 it is 42 % cheaper than the average price in Austin. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $1,528,800 it is 63 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $404 / sq.feet followed by "Commercial" priced at $428 / sq.feet. "Land" is the most costly type of property with a $604,549 / sq.feet cost followed by "Apartment" with an average price of $2,372 / sq.feet.
