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 December, the average price per sq.feet was $212. In the following month the price per sq.feet decreased to $193. The price for the following two months in (February, March) had a considerable increment of 242 %. The price per sq.feet has had a considerable deflation of 49 % 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 $346.75 to $168.5 during April, and May.
Based upon to the price in Dallas (cities), this has gone downing the last 6 months. The average price during our first sample month during December, is $421,840. During January the price went through a considerable rise reaching $485,145. During the following two months (February, March) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $422,295 to $317,907.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $313,417 they are 55 % more affordable than the average price for Dallas. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $358,567.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $157 / sq.feet price in Dallas. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $159 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $313,417 it is 31 % cheaper than the average price in Dallas. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $410,743 it is 113 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $156 / sq.feet followed by "Duplex" priced at $157 / sq.feet. "Land" is the most costly type of property with a $195,911 / sq.feet cost followed by "Apartment" with an average price of $176 / sq.feet.