The prices in real estate in Albuquerque, in the New Mexico region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Albuquerque has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $133. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 201 %. The price per sq.feet has had a considerable increase of 135 % 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 $100 to $134.5 during January, and February.
Based upon to the price in Albuquerque (cities), this has gone downing the last 6 months. The average price for September is $271,810. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 213 % 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 141 % 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 $310,413 they are 34 % more affordable than the average price for Albuquerque. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 1 bedroom priced at $349,413.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $139 / sq.feet price in Albuquerque. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $310,413 it is 2 % cheaper than the average price in Albuquerque. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $303,553 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $138 / sq.feet followed by "House" priced at $152 / sq.feet. "House" is the most costly type of property with a $152 / sq.feet cost followed by "Townhouse" with an average price of $138 / sq.feet.