The prices in real estate in Estancia, 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 Estancia has increased strongly during the last 6 months. In January, the average price per sq.feet was $80. In the following month the price per sq.feet increased considerably to $106. The price for the following two months in (March, April) had a considerable increment of 153 %. The price per sq.feet has had a considerable increase of 194 % 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 $117.5 to $228.5 during May, and June.
Based upon to the price in Estancia (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $148,635. During February the price went through a considerable rise reaching $213,395. During the following two months (March, April) the average price had a considerable increase of 195 % 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 222 % 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 $625,625 they are 93 % more affordable than the average price for Estancia. The properties with the lowest average price have 2 bedrooms, Their price is 81 % cheaper than the average. After that we have properties with 1 bedroom priced at $41,423.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $41 / sq.feet, with an average $248 / sq.feet price in Estancia. The properties with the lowest average prices have 1 bedroom. They are 83 % cheaper than the average followed by properties with 2 bedrooms with a price at $41 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $625,625 it is 86 % cheaper than the average price in Estancia. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $90,260 it is 81 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $41 / sq.feet followed by "Apartment" priced at $43 / sq.feet. "Apartment" is the cheapest type of property with a $43 / sq.feet value followed by "House" with an average price of $41 / sq.feet.