Property prices for sale in Eureka Springs (Arkansas)
The prices in real estate in Eureka Springs, 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 Eureka Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $432. In November this price pretty much remained the same at a value of $446 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has had a considerable increase of 144 % 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 $483.5 to $694 during February, and March.
Based upon to the price in Eureka Springs (cities), this has gone up considerably in the last 6 months. The price in October is $513,122, rising in November till $575,352. During the following two months (December, January) the price has had an average incrementation from $544,237 to $592,672.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $576,361 they are 29 % more affordable than the average price for Eureka Springs. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 3 bedrooms priced at $623,221.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $296 / sq.feet, with an average $791 / sq.feet price in Eureka Springs. The properties with the lowest average prices have 4 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at $445 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $576,361 it is 72 % cheaper than the average price in Eureka Springs. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $761,588 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $107 / sq.feet followed by "House" priced at $516 / sq.feet. "Land" is the most costly type of property with a $12,526 / sq.feet cost followed by "House" with an average price of $516 / sq.feet.
