The prices in real estate in El Dorado, in the Arkansas 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 El Dorado has increased strongly during the last 6 months. In April, the average price per sq.feet was $21. In the following month the price per sq.feet decreased considerably to $11. The price for the following two months in (June, July) had a considerable increment of 313 %. The price per sq.feet has had a considerable increase of 289 % 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 $33 to $95.5 during August, and September.
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 April, is $55,063. During May the price went through a considerable rise reaching $70,635. During the following two months (June, July) the average price had a considerable increase of 227 % 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 177 % 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 $206,985 they are 81 % more affordable than the average price for El Dorado. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at $130,694.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $8 / sq.feet, with an average $78 / sq.feet price in El Dorado. The properties with the lowest average prices have 4 bedrooms. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $50 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $206,985 it is 36 % 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 $131,490 it is 33 % 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 $39 / sq.feet followed by "House" priced at $47 / sq.feet. "House" is the cheapest type of property with a $47 / sq.feet value followed by "Apartment" with an average price of $39 / sq.feet.