The prices in real estate in Albuquerque, in the New Mexico region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Albuquerque has increased during the last 6 months. In October, the average price per sq.feet was $154. In the following month the price per sq.feet increased to $164. In the following two months the price per sq.feet has barely changed, going from $159 to $163.5 per sq.feet. The price per sq.feet has increased 106 % 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 $161.25 to $171 during February, and March.
Based upon to the price in Albuquerque (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $303,339. During November the price went through a considerable rise reaching $406,759. During the following two months (December, January) the price has had an average incrementation from $355,049 to $399,438. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $432,526 they are 55 % more affordable than the average price for Albuquerque. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $312,580.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $176 / sq.feet price in Albuquerque. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $186 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $432,526 it is 31 % cheaper than the average price in Albuquerque. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $476,833 it is 176 % 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 $128 / sq.feet followed by "House" priced at $171 / sq.feet. "Condo" is the most costly type of property with a $198 / sq.feet cost followed by "House" with an average price of $171 / sq.feet.