The prices in real estate in Big Spring, 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 Big Spring has increased strongly during the last 6 months. In July, the average price per sq.feet was $82. In the following month the price per sq.feet increased considerably to $132. The price for the following two months in (September, October) had a considerable increment of 847 %. The price per sq.feet has had a considerable increase of 611 % 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 $506.5 to $3,095.5 during November, and December.
Based upon to the price in Big Spring (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $115,917. During August the price went through a considerable rise reaching $202,130. During the following two months (September, October) the average price had a considerable increase of 711 % 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 692 % 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 $4,067,422 they are 99 % more affordable than the average price for Big Spring. The properties with the lowest average price have 2 bedrooms, Their price is 95 % cheaper than the average. After that we have properties with 1 bedroom priced at $127,827.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $78 / sq.feet, with an average $2,831 / sq.feet price in Big Spring. The properties with the highest average prices have 1 bedroom. They are 290 % more expensive than the average followed by properties with 4 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $4,067,422 it is 99 % cheaper than the average price in Big Spring. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $147,203 it is 95 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $55 / sq.feet followed by "House" priced at $67 / sq.feet. "Apartment" is the cheapest type of property with a $136 / sq.feet value followed by "House" with an average price of $67 / sq.feet.