The prices in real estate in Hondo, in the Texas 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 Hondo has increased strongly during the last 6 months. In September, the average price per sq.feet was $280. In the following month the price per sq.feet decreased considerably to $221. The price for the following two months in (November, December) had a considerable increment of 188 %. The price per sq.feet has had a considerable deflation of 63 % 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 $361.25 to $228.5 during January, and February.
Based upon to the price in Hondo (cities), this has fallen considerably in the last 6 months. The average price for September is $553,536. During October the price had a considerable reduction till $387,319. During the following two months (November, December) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $428,212 to $379,229.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $363,532 they are 0 % more affordable than the average price for Hondo. The properties with the highest average price have 1 bedroom, Their price is 66 % more costly than the average. After that we have properties with 2 bedrooms priced at $535,250.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $176 / sq.feet, with an average $235 / sq.feet price in Hondo. The properties with the highest average prices have 1 bedroom. They are 130 % more expensive than the average followed by properties with 2 bedrooms with a price at $457 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $363,532 it is 6 % cheaper than the average price in Hondo. "Farm" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Farm". At a price of $545,667 it is 68 % 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 $189 / sq.feet followed by "Land" priced at $432 / sq.feet. "Farm" is the most costly type of property with a $522 / sq.feet cost followed by "Land" with an average price of $432 / sq.feet.