The prices in real estate in Cave Springs, in the Arkansas 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 Cave Springs has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $9,514. In the following month the price per sq.feet decreased considerably to $1,468. The price for the following two months in (December, January) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable increase of 215 % 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 $4,317.75 to $9,298 during February, and March.
Based upon to the price in Cave Springs (cities), this has fallen considerably in the last 6 months. The average price for October is $1,937,982. During November the price had a considerable reduction till $597,863. During the following two months (December, January) the average price had a considerable reduction of 63 % 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 $1,032,580.5 to $789,235, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 61 % cheaper than the average price of $298,542 in Cave Springs. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 61 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 62 % more costly than the average price of ($11,926 / sq.feet) in Cave Springs. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 62 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $758,758 it is 61 % cheaper than the average price in Cave Springs. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $298,542 it is 49 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $11,926 / sq.feet followed by "Apartment" priced at $32,703 / sq.feet. "Apartment" is the most costly type of property with a $32,703 / sq.feet cost followed by "House" with an average price of $11,926 / sq.feet.