Property prices for sale in Fallon (Nevada)
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 October, the average price per sq.feet was $225. In November this price pretty much remained the same at a value of $223 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $224 to $226.5 per sq.feet. The price per sq.feet has had a considerable increase of 267 % 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 $225.25 to $602.5 during February, and March.
Based upon to the price in Fallon (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $374,942. In November This price remains at $376,855. In the following two months the average price has remained the same with regard to the previous two months from $375,898.5 to $371,890.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $373,894.5 to $338,965.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $320,760 they are 0 % more expensive than the average price for Fallon. Following this ranking we find those properties with 3 at an average price of $367,729. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $378,819.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $186 / sq.feet, with an average $987 / sq.feet price in Fallon. The properties with the lowest average prices have 1 bedroom. They are 73 % cheaper than the average followed by properties with 2 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $320,760 it is 29 % cheaper than the average price in Fallon. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $270,092 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $68 / sq.feet followed by "House" priced at $214 / sq.feet. "Apartment" is the cheapest type of property with a $952 / sq.feet value followed by "House" with an average price of $214 / sq.feet.
