The prices in real estate in Brownsville, 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 Brownsville has increased strongly during the last 6 months. In January, the average price per sq.feet was $84. In February this price pretty much remained the same at a value of $85 per sq.feet. The price for the following two months in (March, April) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 169 % 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 $81.25 to $137 during May, and June.
Based upon to the price in Brownsville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $175,144. During February the price went through a considerable rise reaching $224,263. During the following two months (March, April) the average price had a considerable reduction of 42 % 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 404 % 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 $573,333 they are 86 % more affordable than the average price for Brownsville. The properties with the lowest average price have 4 bedrooms, Their price is 84 % cheaper than the average. After that we have properties with 1 bedroom priced at $80,352.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $351 / sq.feet, with an average $137 / sq.feet price in Brownsville. The properties with the highest average prices have 4 bedrooms. They are 269 % more expensive than the average followed by properties with 1 bedroom with a price at $351 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $573,333 it is 86 % cheaper than the average price in Brownsville. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $91,896 it is 84 % 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 $81 / sq.feet followed by "Condo" priced at $500 / sq.feet. "Apartment" is the most costly type of property with a $505 / sq.feet cost followed by "Condo" with an average price of $500 / sq.feet.