The prices in real estate in Hondo, 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 Hondo has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,729. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (June, July) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable increase of 197 % 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 $654.25 to $1,289 during August, and September.
Based upon to the price in Hondo (cities), this has fallen considerably in the last 6 months. The average price for April is $2,605,578. During May the price had a considerable reduction till . During the following two months (June, July) the average price had a considerable reduction of 55 % 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 185 % 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 $2,968,965 they are 94 % more affordable than the average price for Hondo. The properties with the lowest average price have 1 bedroom, Their price is 68 % cheaper than the average. After that we have properties with 3 bedrooms priced at $379,565.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $105 / sq.feet, with an average $2,110 / sq.feet price in Hondo. The properties with the lowest average prices have 1 bedroom. They are 21 % cheaper than the average followed by properties with 3 bedrooms with a price at $182 / sq.feet.
With regard to the average price based upon the property in Hondo we can see that the cheapest property type is "House" at a price of $393,630, they are 87 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 87 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $208 / sq.feet. "House" with an average cost of $208 / sq.feet has the lowest price and would be directed at less affluent cities.