The prices in real estate in Groves, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Groves has fallen in the last 6 months. In September, the average price per sq.feet was $127. In the following month the price per sq.feet decreased to $119. In the following two months the price per sq.feet has barely changed, going from $123 to $121.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $122.25 to $120.5 during January y February
Based upon to the price in Groves (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $182,580. In October This price remains at $183,094. In the following two months the average price has remained the same with regard to the previous two months from $182,837 to $187,476.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $185,156.75 to $174,512 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $167,224 they are 5 % more affordable than the average price for Groves. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 1 bedroom priced at $159,065.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $125 / sq.feet price in Groves. The properties with the lowest average prices have 4 bedrooms. They are 5 % cheaper than the average followed by properties with 1 bedroom with a price at $77 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $167,224 it is 49 % cheaper than the average price in Groves. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $84,718 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $46 / sq.feet followed by "House" priced at $129 / sq.feet. "House" is the most costly type of property with a $129 / sq.feet cost followed by "Apartment" with an average price of $46 / sq.feet.