The prices in real estate in Burnet, 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 Burnet has increased strongly during the last 6 months. In February, the average price per sq.feet was $153. In the following month the price per sq.feet increased considerably to $198. The price for the following two months in (April, May) had a considerable increment of 150 %. The price per sq.feet has had a considerable increase of 118 % 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 $219 to $258 during June, and July.
Based upon to the price in Burnet (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $284,144. During March the price went through a considerable rise reaching $474,838. During the following two months (April, May) the average price had a considerable increase of 177 % 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 169 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $944,150 they are 75 % more affordable than the average price for Burnet. The properties with the lowest average price have 1 bedroom, Their price is 33 % cheaper than the average. After that we have properties with 4 bedrooms priced at $406,179.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $250 / sq.feet price in Burnet. The properties with the highest average prices have 1 bedroom. They are 175 % more expensive than the average followed by properties with 2 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $944,150 it is 62 % cheaper than the average price in Burnet. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $385,617 it is 39 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $153 / sq.feet followed by "Commercial Property" priced at $183 / sq.feet. "House" is the most costly type of property with a $258 / sq.feet cost followed by "Commercial Property" with an average price of $183 / sq.feet.