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 October, the average price per sq.feet was $259. In the following month the price per sq.feet decreased to $236. In the following two months the price per sq.feet has barely changed, going from $247.5 to $252 per sq.feet. The price per sq.feet has decreased 93 % 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 $249.75 to $231.5 during February, and March.
Based upon to the price in Dallas (cities), this has fallen considerably in the last 6 months. The average price for October is $621,523. During November the price had a considerable reduction till $513,919. In the following two months the average price has remained the same with regard to the previous two months from $567,721 to $555,831.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $561,776.25 to $485,308 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $416,544 they are 59 % more affordable than the average price for Dallas. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $393,093.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $208 / sq.feet, with an average $225 / sq.feet price in Dallas. The properties with the highest average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 1 bedroom with a price at $222 / sq.feet.
The graph displaying the average prices displays the property type "Triplex" as the most costly one. At an cost of $416,544 it is 5 % more expensive than the average price in Dallas. "Duplex" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $668,056 it is 173 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $214 / sq.feet followed by "Triplex" priced at $217 / sq.feet. "Condo" is the most costly type of property with a $317 / sq.feet cost followed by "House" with an average price of $315 / sq.feet.