The prices in real estate in Blanco, 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 Blanco has increased strongly during the last 6 months. In March, the average price per sq.feet was $415. In the following month the price per sq.feet increased considerably to $684. The price for the following two months in (May, June) had a considerable increment of 861 %. The price per sq.feet has had a considerable deflation of 12 % 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 $2,640 to $327.5 during July, and August.
Based upon to the price in Blanco (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $628,740. During April the price went through a considerable rise reaching $739,034. During the following two months (May, June) the average price had a considerable increase of 118 % 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 $743,738.5 to $581,615, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $557,525 they are 7 % more affordable than the average price for Blanco. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 1 bedroom priced at $747,600.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $265 / sq.feet, with an average $340 / sq.feet price in Blanco. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $491 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $557,525 it is 46 % cheaper than the average price in Blanco. "House" is seen as the second most affordable property type. The dearest property type is "Ranch" followed by "Farm". At a price of $1,418,398 it is 697 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $299 / sq.feet followed by "Farm" priced at $963 / sq.feet. "Land" is the most costly type of property with a $88,017 / sq.feet cost followed by "Ranch" with an average price of $1,038 / sq.feet.