The prices in real estate in Granbury, in the Texas 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 Granbury has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $614. In the following month the price per sq.feet decreased considerably to $200. The price for the following two months in (May, June) had a considerable increment of 144 %. The price per sq.feet has decreased 89 % 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 $497.25 to $443 during July, and August.
Based upon to the price in Granbury (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $312,888. During April the price went through a considerable rise reaching $368,081. During the following two months (May, June) the price has had an average incrementation from $340,484.5 to $368,887.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $354,686 to $319,951 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $311,430 they are 11 % more affordable than the average price for Granbury. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $333,240.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $253 / sq.feet, with an average $505 / sq.feet price in Granbury. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 4 bedrooms with a price at $561 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $311,430 it is 49 % cheaper than the average price in Granbury. "Condo" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Townhouse". At a price of $388,750 it is 304 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $174 / sq.feet followed by "Condo" priced at $303 / sq.feet. "Land" is the most costly type of property with a $26,355 / sq.feet cost followed by "Farm" with an average price of $14,220 / sq.feet.