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 October, the average price per sq.feet was $838. In the following month the price per sq.feet increased considerably to $1,630. The price for the following two months in (December, January) had a considerable increment of 272 %. The price per sq.feet has had a considerable increase of 276 % 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 $2,294.5 to $6,323 during February, and March.
Based upon to the price in Hot Springs National Park (cities), this has gone up considerably in the last 6 months. The average price for October is $338,485. During November the price had a slight fall till $319,413. During the following two months (December, January) the average price had a considerable increase of 168 % 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 120 % 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 $413,817 they are 59 % more affordable than the average price for Hot Springs National Park. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $329,780.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $4,274 / sq.feet price in Hot Springs National Park. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $196 / 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 $265,062, they are 36 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 36 % 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 $102 / sq.feet. "House" with an average cost of $102 / sq.feet has the lowest price and would be directed at less affluent cities.