The prices in real estate in Alamo, 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 Alamo has increased strongly during the last 6 months. In February, the average price per sq.feet was $97. In March this price pretty much remained the same at a value of $97 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 129 %. The price per sq.feet has had a considerable increase of 898 % 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 $111 to $996.5 during June, and July.
Based upon to the price in Alamo (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $169,113. In March This price remains at $171,448. During the following two months (April, May) the average price had a considerable increase of 145 % 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 758 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $1,454,216 they are 83 % more affordable than the average price for Alamo. The properties with the lowest average price have 1 bedroom, Their price is 82 % cheaper than the average. After that we have properties with 2 bedrooms priced at $253,597.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $107 / sq.feet, with an average $930 / sq.feet price in Alamo. The properties with the lowest average prices have 1 bedroom. They are 87 % cheaper than the average followed by properties with 2 bedrooms with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,454,216 it is 83 % cheaper than the average price in Alamo. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Condo". At a price of $687,023 it is 53 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $107 / sq.feet followed by "Condo" priced at $242 / sq.feet. "Townhouse" is the cheapest type of property with a $245 / sq.feet value followed by "Condo" with an average price of $242 / sq.feet.