The prices in real estate in Cedar Creek, 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 Cedar Creek has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $835. In the following month the price per sq.feet decreased considerably to $253. The price for the following two months in (September, October) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 62 % 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 $387.75 to $241.5 during November, and December.
Based upon to the price in Cedar Creek (cities), this has fallen considerably in the last 6 months. The average price for July is $1,400,867. During August the price had a considerable reduction till $575,793. During the following two months (September, October) the average price had a considerable reduction of 55 % 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 $767,266 to $589,592.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $635,989 they are 65 % more affordable than the average price for Cedar Creek. The properties with the lowest average price have 4 bedrooms, Their price is 45 % cheaper than the average. After that we have properties with 1 bedroom priced at $318,140.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $259 / sq.feet price in Cedar Creek. The properties with the lowest average prices have 1 bedroom. They are 10 % cheaper than the average followed by properties with 2 bedrooms with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $635,989 it is 63 % cheaper than the average price in Cedar Creek. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $232,794 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $129 / sq.feet followed by "Townhouse" priced at $171 / sq.feet. "Townhouse" is the cheapest type of property with a $171 / sq.feet value followed by "House" with an average price of $129 / sq.feet.