The prices in real estate in Hot Springs Village, 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 Village has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,179. In the following month the price per sq.feet decreased considerably to $112. The price for the following two months in (September, October) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $380 to $155.5 during November, and December.
Based upon to the price in Hot Springs Village (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $198,992. In August This price remains at $207,822. During the following two months (September, October) the price has had an average incrementation from $203,407 to $223,428.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 263 % 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 $525,871 they are 73 % more affordable than the average price for Hot Springs Village. The properties with the highest average price have 1 bedroom, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $243,910.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $1,220 / sq.feet, with an average $152 / sq.feet price in Hot Springs Village. The properties with the highest average prices have 1 bedroom. They are 1267 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,460 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $525,871 it is 86 % cheaper than the average price in Hot Springs Village. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $71,316 it is 62 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $34 / sq.feet followed by "Apartment" priced at $1,220 / sq.feet. "Apartment" is the most costly type of property with a $1,220 / sq.feet cost followed by "Townhouse" with an average price of $34 / sq.feet.