The prices in real estate in Dallas, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Dallas has fallen in the last 6 months. In December, the average price per sq.feet was $242. In the following month the price per sq.feet decreased to $220. In the following two months the price per sq.feet has barely changed, going from $231 to $228 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $229.5 to $234 during April y May
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 December, is $374,667. During January the price went through a considerable rise reaching $445,482. During the following two months (February, March) the average price had a considerable increase of 127 % 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 126 % 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 $615,657 they are 70 % more affordable than the average price for Dallas. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $395,129.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $241 / sq.feet price in Dallas. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 2 bedrooms with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $615,657 it is 29 % cheaper than the average price in Dallas. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $501,469 it is 16 % 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 $224 / sq.feet followed by "House" priced at $225 / sq.feet. "Condo" is the most costly type of property with a $3,399 / sq.feet cost followed by "House" with an average price of $225 / sq.feet.