The prices in real estate in Bella Vista, in the Arkansas 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 Bella Vista has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $3,263. In the following month the price per sq.feet decreased considerably to $1,844. The price for the following two months in (August, September) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $1,810.75 to $113.5 during October, and November.
Based upon to the price in Bella Vista (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $188,672. In July This price remains at $197,983. In the following two months the average price has remained the same with regard to the previous two months from $193,327.5 to $196,371. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $201,077 they are 29 % more affordable than the average price for Bella Vista. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 1 bedroom priced at $143,763.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $456 / sq.feet, with an average $107 / sq.feet price in Bella Vista. The properties with the highest average prices have 1 bedroom. They are 1725 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,943 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $201,077 it is 89 % cheaper than the average price in Bella Vista. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $184,877 it is 26 % 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 $101 / sq.feet followed by "Townhouse" priced at $108 / sq.feet. "Land" is the most costly type of property with a $523 / sq.feet cost followed by "Farm" with an average price of $191 / sq.feet.