The prices in real estate in Eureka Springs, 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 Eureka Springs has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $230. In the following month the price per sq.feet increased to $257. The price for the following two months in (October, November) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $190.5 to $113.5 during December, and January.
Based upon to the price in Eureka Springs (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $247,964. In September This price remains at $241,411. During the following two months (October, November) the average price had a considerable increase of 123 % 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 $273,027.75 and $266,506.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $242,222 they are 26 % more affordable than the average price for Eureka Springs. The properties with the highest average price have 2 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $309,278.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $103 / sq.feet price in Eureka Springs. The properties with the highest average prices have 2 bedrooms. They are 99 % more expensive than the average followed by properties with 1 bedroom with a price at $204 / sq.feet.
With regard to the average price based upon the property in Eureka Springs we can see that most expensive property type is "House" at a price of $280,320, they are 16 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 16 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $138 / sq.feet. "House" at an average price of $138 / sq.feet has the most expensive price and would be directed at more affluent cities.