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 February, the average price per sq.feet was $139. In the following month the price per sq.feet increased considerably to $459. In the following two months the price per sq.feet has barely changed, going from $299 to $305 per sq.feet. The price per sq.feet has had a considerable increase of 120 % 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 $302 to $361.5 during June, and July.
Based upon to the price in Brownsville (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $180,525. In March This price remains at $179,169. During the following two months (April, May) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $147,406 and $145,805 between June and July.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 59 % cheaper than the average price of $56,548 in Brownsville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 59 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 46 % cheaper than the average price of ($293 / sq.feet) in Brownsville. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 46 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $138,580 it is 59 % cheaper than the average price in Brownsville. "Office" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Office". At a price of $80,640 it is 33 % 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 $92 / sq.feet followed by "Apartment" priced at $293 / sq.feet. "Condo" is the cheapest type of property with a $511 / sq.feet value followed by "Apartment" with an average price of $293 / sq.feet.