The prices in real estate in Hermosa, in the South Dakota 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 Hermosa has increased strongly during the last 6 months. In November, the average price per sq.feet was $258. In the following month the price per sq.feet decreased to $242. The price for the following two months in (January, February) had a considerable increment of 1166 %. The price per sq.feet has had a considerable deflation of 25 % 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 $1,583 to $396 during March, and April.
Based upon to the price in Hermosa (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $1,042,686. In December This price remains at $1,038,450. During the following two months (January, February) the average price had a considerable increase of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,222,685 they are 22 % more affordable than the average price for Hermosa. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,260,395.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $297 / sq.feet, with an average $381 / sq.feet price in Hermosa. The properties with the highest average prices have 2 bedrooms. They are 158 % more expensive than the average followed by properties with 1 bedroom with a price at $980 / sq.feet.
With regard to the average price based upon the property in Hermosa we can see that the cheapest property type is "House" at a price of $957,802, they are 22 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 22 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $469 / sq.feet. "House" at an average price of $469 / sq.feet has the most expensive price and would be directed at more affluent cities.