The prices in real estate in Hot Springs National Park, in the Arkansas 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 Hot Springs National Park has increased strongly during the last 6 months. In September, the average price per sq.feet was $1,026. In the following month the price per sq.feet decreased considerably to $838. The price for the following two months in (November, December) had a considerable increment of 186 %. The price per sq.feet has had a considerable increase of 497 % 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 $1,332.5 to $6,623 during January, and February.
Based upon to the price in Hot Springs National Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $290,521. During October the price went through a considerable rise reaching $338,485. During the following two months (November, December) the average price had a considerable increase of 116 % 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 197 % 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 $642,409 they are 73 % more affordable than the average price for Hot Springs National Park. The properties with the lowest average price have 4 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at $330,111.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $163 / sq.feet, with an average $8,372 / sq.feet price in Hot Springs National Park. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.
With regard to the average price based upon the property in Hot Springs National Park we can see that the cheapest property type is "House" at a price of $265,328, they are 59 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 59 % 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 $103 / sq.feet. "House" with an average cost of $103 / sq.feet has the lowest price and would be directed at less affluent cities.