Property prices for sale in Espanola (New Mexico)
The prices in real estate in Espanola, in the New Mexico 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 Espanola has increased strongly during the last 6 months. In October, the average price per sq.feet was $190. In November this price pretty much remained the same at a value of $195 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 620 %. The price per sq.feet has had a considerable increase of 277 % 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 $693 to $1,916.5 during February, and March.
Based upon to the price in Espanola (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $406,925. In November This price remains at $386,702. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $385,863.5 and $383,600.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $409,090 they are 64 % more affordable than the average price for Espanola. The properties with the lowest average price have 2 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $287,755.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $40 / sq.feet, with an average $3,634 / sq.feet price in Espanola. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $99 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $409,090 it is 79 % cheaper than the average price in Espanola. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $84,266 it is 51 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $14 / sq.feet followed by "House" priced at $40 / sq.feet. "House" is the cheapest type of property with a $40 / sq.feet value followed by "Office" with an average price of $14 / sq.feet.
