The prices in real estate in Hot Springs National Park, 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 Hot Springs National Park has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $4,274. In the following month the price per sq.feet decreased considerably to $1,956. In the following two months the price per sq.feet has barely changed, going from $3,115 to $3,028 per sq.feet. The price per sq.feet has decreased 94 % 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 $3,071.5 to $2,885.5 during July, and August.
Based upon to the price in Hot Springs National Park (cities), this has fallen considerably in the last 6 months. The average price for March is $413,817. During April the price had a considerable reduction till $331,700. In the following two months the average price has remained the same with regard to the previous two months from $372,758.5 to $363,356.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $368,057.5 to $322,027.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $276,467 they are 39 % more affordable than the average price for Hot Springs National Park. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $328,132.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $157 / sq.feet, with an average $2,103 / sq.feet price in Hot Springs National Park. The properties with the lowest average prices have 1 bedroom. They are 90 % cheaper than the average followed by properties with 2 bedrooms with a price at $191 / 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 $263,736, they are 5 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 5 % 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 $97 / sq.feet. "House" with an average cost of $97 / sq.feet has the lowest price and would be directed at less affluent cities.