The prices in real estate in Cave Springs, in the Arkansas 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 Cave Springs has increased strongly during the last 6 months. In November, the average price per sq.feet was $135. In the following month the price per sq.feet increased considerably to $182. The price for the following two months in (January, February) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 142 % 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 $176 to $249.5 during March, and April.
Based upon to the price in Cave Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $387,914. During December the price went through a considerable rise reaching $483,652. During the following two months (January, February) the price has had an average incrementation from $435,783 to $484,649. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 39 % cheaper than the average price of $309,199 in Cave Springs. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 39 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5035 % more costly than the average price of ($12,375 / 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 5035 % 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 $506,440 it is 39 % 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 $309,199 it is 21 % 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 $12,375 / sq.feet followed by "Apartment" priced at $33,884 / sq.feet. "Apartment" is the most costly type of property with a $33,884 / sq.feet cost followed by "House" with an average price of $12,375 / sq.feet.