The prices in real estate in Driftwood, 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 Driftwood has increased strongly during the last 6 months. In May, the average price per sq.feet was $187. In the following month the price per sq.feet increased to $204. The price for the following two months in (July, August) had a considerable increment of 118 %. 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 $213.5 to $222.5 during September y October
Based upon to the price in Driftwood (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $625,464. During June the price went through a considerable rise reaching $752,539. During the following two months (July, August) the average price had a considerable increase of 126 % 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 92 %, going from $778,247.25 to $716,749.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $725,878 they are 28 % more affordable than the average price for Driftwood. The properties with the lowest average price have 2 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 1 bedroom priced at $522,440.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $159 / sq.feet, with an average $223 / sq.feet price in Driftwood. The properties with the lowest average prices have 2 bedrooms. They are 26 % cheaper than the average followed by properties with 1 bedroom 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 $725,878 it is 28 % cheaper than the average price in Driftwood. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $521,681 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $137 / sq.feet followed by "House" priced at $164 / sq.feet. "House" is the cheapest type of property with a $164 / sq.feet value followed by "Apartment" with an average price of $137 / sq.feet.