The prices in real estate in Fernley, 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 Fernley has increased strongly during the last 6 months. In December, the average price per sq.feet was $164. In the following month the price per sq.feet increased considerably to $194. In the following two months the price per sq.feet has increased 109 %, going from $179 to $196 per sq.feet. The price per sq.feet has increased 105 % 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 $187.5 to $197.5 during April, and May.
Based upon to the price in Fernley (cities), this has gone up in the last 6 months. The price in December is $310,993, rising in January till $342,941. In the following two months the average price has remained the same with regard to the previous two months from $326,967 to $338,228.5. 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 $332,597.75 and $333,773 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $349,913 they are 46 % more affordable than the average price for Fernley. The properties with the lowest average price have 1 bedroom, Their price is 24 % cheaper than the average. After that we have properties with 2 bedrooms priced at $188,111.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $198 / sq.feet price in Fernley. The properties with the highest average prices have 1 bedroom. They are 817 % more expensive than the average followed by properties with 2 bedrooms with a price at $95 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $349,913 it is 51 % cheaper than the average price in Fernley. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $188,111 it is 34 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $95 / sq.feet followed by "Office" priced at $98 / sq.feet. "Townhouse" is the cheapest type of property with a $129 / sq.feet value followed by "Office" with an average price of $98 / sq.feet.