The prices in real estate in Driftwood, 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 Driftwood has increased strongly during the last 6 months. In October, the average price per sq.feet was $425. In the following month the price per sq.feet increased considerably to $1,459. The price for the following two months in (December, January) had a considerable increment of 153 %. The price per sq.feet has had a considerable increase of 1491 % 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 $1,190.75 to $17,758.5 during February, and March.
Based upon to the price in Driftwood (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $1,276,732. In November This price remains at $1,274,590. In the following two months the average price has remained the same with regard to the previous two months from $1,275,661 to $1,320,783.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,298,222.25 and $1,245,744 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,219,041 they are 55 % more affordable than the average price for Driftwood. The properties with the lowest average price have 1 bedroom, Their price is 47 % cheaper than the average. After that we have properties with 2 bedrooms priced at $553,054.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $17,044 / sq.feet price in Driftwood. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $123 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,219,041 it is 59 % cheaper than the average price in Driftwood. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $500,695 it is 55 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $96 / sq.feet followed by "House" priced at $123 / sq.feet. "House" is the cheapest type of property with a $123 / sq.feet value followed by "Apartment" with an average price of $96 / sq.feet.