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 July, the average price per sq.feet was $95. In the following month the price per sq.feet increased to $102. The price for the following two months in (September, October) had a considerable increment of 150 %. The price per sq.feet has had a considerable increase of 161 % 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 $123 to $198 during November, and December.
Based upon to the price in Dallas (cities), this has gone up considerably in the last 6 months. The price in July is $154,125, rising in August till $164,650. During the following two months (September, October) the average price had a considerable increase of 120 % 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 176 % 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 $421,840 they are 74 % more affordable than the average price for Dallas. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $183,358.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $212 / sq.feet price in Dallas. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 1 bedroom with a price at $191 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of $421,840 it is 76 % cheaper than the average price in Dallas. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $343,667 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 $101 / sq.feet followed by "Townhouse" priced at $157 / sq.feet. "Apartment" is the most costly type of property with a $255 / sq.feet cost followed by "House" with an average price of $248 / sq.feet.