The prices in real estate in Deming, in the New Mexico 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 Deming has increased strongly during the last 6 months. In February, the average price per sq.feet was $102. In March this price pretty much remained the same at a value of $105 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 174 %. 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 $142 to $140.5 during June y July
Based upon to the price in Deming (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $96,904. In March This price remains at $100,772. During the following two months (April, May) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $94,963.25 to $85,985 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $66,774 they are 63 % more expensive than the average price for Deming. Following this ranking we find those properties with 3 at an average price of $162,765. The properties with the highest average price have 1 bedroom, Their price is 219 % more costly than the average. After that we have properties with 4 bedrooms priced at $208,179.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $288 / sq.feet, with an average $89 / sq.feet price in Deming. The properties with the highest average prices have 1 bedroom. They are 476 % more expensive than the average followed by properties with 3 bedrooms with a price at $406 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $66,774 it is 43 % cheaper than the average price in Deming. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $133,065 it is 152 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $34 / sq.feet followed by "Farm" priced at $59 / sq.feet. "House" is the most costly type of property with a $339 / sq.feet cost followed by "Commercial" with an average price of $60 / sq.feet.