The prices in real estate in Dallas, 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 Dallas has increased strongly during the last 6 months. In September, the average price per sq.feet was $104. In the following month the price per sq.feet increased considerably to $191. The price for the following two months in (November, December) had a considerable increment of 134 %. The price per sq.feet has had a considerable increase of 293 % 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 $172.75 to $506 during January, and February.
Based upon to the price in Dallas (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $162,060. During October the price went through a considerable rise reaching $221,358. During the following two months (November, December) the average price had a considerable increase of 161 % 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 risen strongly 198 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $504,515 they are 74 % more affordable than the average price for Dallas. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $276,789.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $819 / sq.feet price in Dallas. The properties with the lowest average prices have 1 bedroom. They are 79 % cheaper than the average followed by properties with 2 bedrooms with a price at $149 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $504,515 it is 79 % cheaper than the average price in Dallas. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $344,702 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $103 / sq.feet followed by "Duplex" priced at $160 / sq.feet. "House" is the most costly type of property with a $1,254 / sq.feet cost followed by "Condominium" with an average price of $167 / sq.feet.