The prices in real estate in Fallon, in the Nevada 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 Fallon has increased strongly during the last 6 months. In February, the average price per sq.feet was $139. In the following month the price per sq.feet increased considerably to $160. The price for the following two months in (April, May) had a considerable increment of 119 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $163.5 to $162 during June y July
Based upon to the price in Fallon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $253,400. During March the price went through a considerable rise reaching $305,222. During the following two months (April, May) the average price had a considerable increase of 131 % 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 gone up 109 % 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 $343,671 they are 18 % more affordable than the average price for Fallon. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $280,859.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $991 / sq.feet, with an average $154 / sq.feet price in Fallon. The properties with the highest average prices have 1 bedroom. They are 1252 % more expensive than the average followed by properties with 2 bedrooms with a price at $991 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $343,671 it is 30 % cheaper than the average price in Fallon. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $239,544 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $112 / sq.feet followed by "House" priced at $991 / sq.feet. "House" is the most costly type of property with a $991 / sq.feet cost followed by "Condo" with an average price of $112 / sq.feet.