The prices in real estate in Edgewood, in the New Mexico 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 Edgewood has fallen in the last 6 months. In May, the average price per sq.feet was $213. In the following month the price per sq.feet increased to $226. The price for the following two months in (July, August) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $206.25 to $171 during September, and October.
Based upon to the price in Edgewood (cities), this has gone up considerably in the last 6 months. The average price for May is $127,561. During June the price had a slight fall till $116,458. During the following two months (July, August) the average price had a considerable increase of 153 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 139 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $231,272 they are 41 % more affordable than the average price for Edgewood. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at $332,556.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $127 / sq.feet, with an average $130 / sq.feet price in Edgewood. The properties with the highest average prices have 3 bedrooms. They are 108 % more expensive than the average followed by properties with 4 bedrooms with a price at $222 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $231,272 it is 83 % cheaper than the average price in Edgewood. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $38,605 it is 26 % 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 $127 / sq.feet followed by "House" priced at $150 / sq.feet. "House" is the most costly type of property with a $150 / sq.feet cost followed by "Land" with an average price of $127 / sq.feet.