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 July, the average price per sq.feet was $671. In the following month the price per sq.feet decreased considerably to $79. The price for the following two months in (September, October) had a considerable decrease of 22 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $229.5 to $96.5 during November, and December.
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 July, is $151,301. During August the price went through a considerable rise reaching $202,619. During the following two months (September, October) the average price had a considerable increase of 122 % 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 130 % 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 $293,087 they are 86 % more affordable than the average price for El Dorado. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $131,880.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $17 / sq.feet, with an average $104 / sq.feet price in El Dorado. The properties with the lowest average prices have 4 bedrooms. They are 28 % cheaper than the average followed by properties with 3 bedrooms with a price at $59 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $293,087 it is 55 % 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 "Apartment". At a price of $132,684 it is 52 % 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 $48 / sq.feet followed by "House" priced at $56 / sq.feet. "House" is the cheapest type of property with a $56 / sq.feet value followed by "Apartment" with an average price of $48 / sq.feet.