The prices in real estate in Athens, in the Texas 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 Athens has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,623. In the following month the price per sq.feet decreased considerably to $209. The price for the following two months in (June, July) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $537.25 to $151.5 during August, and September.
Based upon to the price in Athens (cities), this has fallen considerably in the last 6 months. The average price for April is $2,876,881. During May the price had a considerable reduction till $617,200. During the following two months (June, July) the average price had a considerable reduction of 27 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,105,822.25 to $358,990.5, which means a 32 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $357,132 they are 64 % more affordable than the average price for Athens. The properties with the highest average price have 4 bedrooms, Their price is 93 % more costly than the average. After that we have properties with 3 bedrooms priced at $383,545.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $165 / sq.feet price in Athens. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $357,132 it is 58 % cheaper than the average price in Athens. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $250,465 it is 119 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $55 / sq.feet followed by "Townhouse" priced at $90 / sq.feet. "Farm" is the most costly type of property with a $246 / sq.feet cost followed by "House" with an average price of $112 / sq.feet.