Property prices for sale in Ruidoso (New Mexico)
The prices in real estate in Ruidoso, in the New Mexico 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 Ruidoso has increased strongly during the last 6 months. In November, the average price per sq.feet was $238. In the following month the price per sq.feet increased to $259. The price for the following two months in (January, February) had a considerable increment of 119 %. The price per sq.feet has had a considerable increase of 136 % 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 $271.75 to $370 during March, and April.
Based upon to the price in Ruidoso (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $356,176. During December the price went through a considerable rise reaching $444,145. During the following two months (January, February) the average price had a considerable increase of 127 % 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 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 $555,933 they are 78 % more affordable than the average price for Ruidoso. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $462,376.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $269 / sq.feet price in Ruidoso. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 4 bedrooms with a price at $266 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $555,933 it is 69 % cheaper than the average price in Ruidoso. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $254,948 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $224 / sq.feet followed by "House" priced at $273 / sq.feet. "Land" is the most costly type of property with a $54,711 / sq.feet cost followed by "House" with an average price of $273 / sq.feet.
