The prices in real estate in Burkburnett, in the Texas 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 Burkburnett has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $220. In December this price pretty much remained the same at a value of $221 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $179.5 to $138 during March, and April.
Based upon to the price in Burkburnett (cities), this has fallen considerably in the last 6 months. The average price for November is $301,229. During December the price had a slight fall till $285,047. During the following two months (January, February) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $268,660.75 to $244,022.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $246,014 they are 38 % more affordable than the average price for Burkburnett. The properties with the lowest average price have 1 bedroom, Their price is 38 % cheaper than the average. After that we have properties with 4 bedrooms priced at $152,061.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $41 / sq.feet, with an average $140 / sq.feet price in Burkburnett. The properties with the lowest average prices have 1 bedroom. They are 67 % cheaper than the average followed by properties with 4 bedrooms with a price at $41 / sq.feet.
With regard to the average price based upon the property in Burkburnett we can see that the cheapest property type is "House" at a price of $152,061, they are 38 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 38 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $41 / sq.feet. "House" with an average cost of $41 / sq.feet has the lowest price and would be directed at less affluent cities.