The prices in real estate in Conway, in the Arkansas region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Conway has increased strongly during the last 6 months. In September, the average price per sq.feet was $826. In the following month the price per sq.feet increased considerably to $1,413. In the following two months the price per sq.feet has increased 112 %, going from $1,119.5 to $1,248.5 per sq.feet. The price per sq.feet has had a considerable increase of 195 % 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 $1,184 to $2,313 during January, and February.
Based upon to the price in Conway (cities), this has gone up in the last 6 months. The price in September is $283,838, rising in October till $317,138. In the following two months the average price has remained the same with regard to the previous two months from $300,488 to $288,740. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $353,279 they are 71 % more affordable than the average price for Conway. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $263,280.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $79 / sq.feet, with an average $1,953 / sq.feet price in Conway. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $353,279 it is 73 % cheaper than the average price in Conway. "Duplex" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $220,869 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $11 / sq.feet followed by "Condo" priced at $29 / sq.feet. "Detached House" is the cheapest type of property with a $456 / sq.feet value followed by "Commercial" with an average price of $436 / sq.feet.