The prices in real estate in Conway, 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 Conway has increased strongly during the last 6 months. In August, the average price per sq.feet was $86. In September this price pretty much remained the same at a value of $86 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $86 to $95.5 per sq.feet. The price per sq.feet has had a considerable increase of 456 % 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 $90.75 to $414 during December, and January.
Based upon to the price in Conway (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $197,151. In September This price remains at $189,039. During the following two months (October, November) the average price had a considerable increase of 119 % 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 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 50 % cheaper than the average price of $122,068 in Conway. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 50 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 91 % cheaper than the average price of ($66 / sq.feet) in Conway. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 91 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $241,878 it is 50 % cheaper than the average price in Conway. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Commercial". At a price of $174,866 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $60 / sq.feet followed by "Apartment" priced at $66 / sq.feet. "Condo" is the cheapest type of property with a $490 / sq.feet value followed by "Commercial" with an average price of $485 / sq.feet.