Property prices for sale in Fernley (Nevada)
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 October, the average price per sq.feet was $228. In November this price pretty much remained the same at a value of $232 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $230 to $233.5 per sq.feet. The price per sq.feet has had a considerable increase of 135 % 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 $231.75 to $313.5 during February, and March.
Based upon to the price in Fernley (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $416,747. In November This price remains at $425,908. In the following two months the average price has remained the same with regard to the previous two months from $421,327.5 to $413,458. 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 $417,392.75 and $403,682 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $394,010 they are 53 % more affordable than the average price for Fernley. The properties with the lowest average price have 1 bedroom, Their price is 34 % cheaper than the average. After that we have properties with 2 bedrooms priced at $184,560.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $76 / sq.feet, with an average $393 / sq.feet price in Fernley. The properties with the highest average prices have 1 bedroom. They are 352 % more expensive than the average followed by properties with 2 bedrooms with a price at $76 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $394,010 it is 58 % cheaper than the average price in Fernley. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Duplex". At a price of $224,420 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $64 / sq.feet followed by "House" priced at $76 / sq.feet. "Condo" is the cheapest type of property with a $100 / sq.feet value followed by "Duplex" with an average price of $95 / sq.feet.
