The prices in real estate in Fayetteville, 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 Fayetteville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,054. In the following month the price per sq.feet decreased considerably to $546. The price for the following two months in (September, October) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 32 % 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 $508.5 to $161 during November, and December.
Based upon to the price in Fayetteville (cities), this has gone up in the last 6 months. The average price for July is $333,671. During August the price had a slight fall till $313,948. In the following two months the average price has remained the same with regard to the previous two months from $323,809.5 to $334,588.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $382,856 they are 27 % more affordable than the average price for Fayetteville. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $294,018.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $422 / sq.feet, with an average $159 / sq.feet price in Fayetteville. The properties with the highest average prices have 4 bedrooms. They are 4606 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,181 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $382,856 it is 45 % cheaper than the average price in Fayetteville. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $402,526 it is 175 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $184 / sq.feet followed by "House" priced at $862 / sq.feet. "Office" is the most costly type of property with a $13,000 / sq.feet cost followed by "Duplex" with an average price of $6,944 / sq.feet.