The prices in real estate in El Dorado, in the Arkansas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in El Dorado has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,589. In the following month the price per sq.feet decreased considerably to $432. The price for the following two months in (December, January) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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 $558.75 to $106 during February, and March.
Based upon to the price in El Dorado (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $184,570. During November the price went through a considerable rise reaching $245,721. During the following two months (December, January) the average price had a considerable increase of 119 % 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 gone up 113 % 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 $262,734 they are 60 % more affordable than the average price for El Dorado. 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 $189,291.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $84 / sq.feet, with an average $108 / sq.feet price in El Dorado. The properties with the highest average prices have 4 bedrooms. They are 2170 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,612 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $262,734 it is 80 % cheaper than the average price in El Dorado. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $53,550 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $531 / sq.feet followed by "House" priced at $2,132 / sq.feet. "House" is the most costly type of property with a $2,132 / sq.feet cost followed by "Land" with an average price of $531 / sq.feet.