The prices in real estate in Cypress, 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 Cypress has increased strongly during the last 6 months. In November, the average price per sq.feet was $153. In the following month the price per sq.feet increased to $170. In the following two months the price per sq.feet has increased 113 %, going from $161.5 to $183 per sq.feet. The price per sq.feet has increased 112 % 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 $172.25 to $193 during March, and April.
Based upon to the price in Cypress (cities), this has gone up considerably in the last 6 months. The price in November is $436,872, rising in December till $495,418. During the following two months (January, February) the price has had an average incrementation from $466,145 to $519,719.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $533,072 they are 46 % more affordable than the average price for Cypress. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 4 bedrooms priced at $389,901.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $194 / sq.feet price in Cypress. The properties with the lowest average prices have 2 bedrooms. They are 21 % cheaper than the average followed by properties with 3 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $533,072 it is 34 % cheaper than the average price in Cypress. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $380,226 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $93 / sq.feet followed by "Condo" priced at $119 / sq.feet. "Apartment" is the cheapest type of property with a $129 / sq.feet value followed by "House" with an average price of $127 / sq.feet.