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 June, the average price per sq.feet was $99. In the following month the price per sq.feet increased considerably to $1,347. The price for the following two months in (August, September) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $427.5 to $118.5 during October, and November.
Based upon to the price in Espanola (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $292,333. In July This price remains at $306,788. During the following two months (August, September) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $278,757 to $234,745, which means a 84 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 12 % cheaper than the average price of $211,400 in Espanola. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 12 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 21 % cheaper than the average price of ($88 / sq.feet) in Espanola. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 21 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $240,882 it is 63 % 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 $88,436 it is 12 % 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 $62 / sq.feet followed by "House" priced at $88 / sq.feet. "House" is the cheapest type of property with a $88 / sq.feet value followed by "Office" with an average price of $62 / sq.feet.