The prices in real estate in Dallas, in the Texas 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 Dallas has increased strongly during the last 6 months. In August, the average price per sq.feet was $102. In September this price pretty much remained the same at a value of $104 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 182 %. The price per sq.feet has had a considerable increase of 139 % 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 $145.25 to $202.5 during December, and January.
Based upon to the price in Dallas (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $164,650. In September This price remains at $162,060. During the following two months (October, November) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 244 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $485,145 they are 75 % more affordable than the average price for Dallas. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 3 bedrooms priced at $210,047.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $114 / sq.feet, with an average $193 / sq.feet price in Dallas. The properties with the lowest average prices have 1 bedroom. They are 9 % cheaper than the average followed by properties with 4 bedrooms with a price at $129 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of $485,145 it is 77 % cheaper than the average price in Dallas. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $343,323 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condominium" at an average cost of $105 / sq.feet followed by "Duplex" priced at $156 / sq.feet. "House" is the most costly type of property with a $208 / sq.feet cost followed by "Townhouse" with an average price of $163 / sq.feet.