The prices in real estate in Harrison, 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 Harrison has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $263. In the following month the price per sq.feet decreased considerably to $83. The price for the following two months in (November, December) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $126.5 to $82 during January, and February.
Based upon to the price in Harrison (cities), this has gone up in the last 6 months. The price in September is $163,704, rising in October till $184,309. In the following two months the average price has remained the same with regard to the previous two months from $174,006.5 to $180,174. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $183,286 they are 50 % more affordable than the average price for Harrison. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $135,574.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $65 / sq.feet, with an average $82 / sq.feet price in Harrison. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $75 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $183,286 it is 74 % cheaper than the average price in Harrison. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $181,093 it is 128 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $76 / sq.feet followed by "Land" priced at $714 / sq.feet. "Commercial" is the most costly type of property with a $65,923 / sq.feet cost followed by "Condo" with an average price of $21,652 / sq.feet.