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 April, the average price per sq.feet was $704. In the following month the price per sq.feet decreased considerably to $526. The price for the following two months in (June, July) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 66 % 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 $467.75 to $308 during August, and September.
Based upon to the price in Hot Springs National Park (cities), this has gone up considerably in the last 6 months. The price in April is $149,044, rising in May till $169,855. During the following two months (June, July) the average price fell 94 % 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 153 % 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 $243,181 they are 48 % more affordable than the average price for Hot Springs National Park. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at $264,972.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $137 / sq.feet price in Hot Springs National Park. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $243,181 it is 19 % cheaper than the average price in Hot Springs National Park. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $230,745 it is 2 % 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 $120 / sq.feet followed by "Townhouse" priced at $135 / sq.feet. "Condo" is the most costly type of property with a $142 / sq.feet cost followed by "Townhouse" with an average price of $135 / sq.feet.