The prices in real estate in Deming, in the New Mexico region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Deming has remained the same in the last 6 months. In June, the average price per sq.feet was $79. In the following month the price per sq.feet increased considerably to $137. The price for the following two months in (August, September) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 $89.75 to $66.5 during October, and November.
Based upon to the price in Deming (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $130,635. In July This price remains at $131,343. During the following two months (August, September) the average price fell 94 % 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 $127,312 to $103,849, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $98,701 they are 43 % more affordable than the average price for Deming. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $113,773.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $61 / sq.feet, with an average $65 / sq.feet price in Deming. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $71 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $98,701 it is 4 % more expensive than the average price in Deming. "Land" is seen as the second dearest property type. The dearest property type is "Farm" followed by "Land". At a price of $120,150 it is 36 % 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 $64 / sq.feet followed by "Farm" priced at $67 / sq.feet. "Land" is the most costly type of property with a $68 / sq.feet cost followed by "Farm" with an average price of $67 / sq.feet.