Property prices for sale in Hot Springs Village (Arkansas)
The prices in real estate in Hot Springs Village, 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 Village has increased strongly during the last 6 months. In October, the average price per sq.feet was $612. In the following month the price per sq.feet increased considerably to $1,260. The price for the following two months in (December, January) had a considerable increment of 143 %. The price per sq.feet has had a considerable increase of 170 % 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 $1,137.5 to $1,937.5 during February, and March.
Based upon to the price in Hot Springs Village (cities), this has gone downing the last 6 months. The average price for October is $265,013. During November the price had a slight fall till $247,491. During the following two months (December, January) the average price had a considerable reduction of 77 % 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 gone up 112 % 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 $288,198 they are 14 % more affordable than the average price for Hot Springs Village. The properties with the highest average price have 4 bedrooms, Their price is 87 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,151.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $213 / sq.feet, with an average $1,392 / sq.feet price in Hot Springs Village. The properties with the highest average prices have 3 bedrooms. They are 141 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,375 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $288,198 it is 82 % cheaper than the average price in Hot Springs Village. "Duplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $524,300 it is 124 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $177 / sq.feet followed by "Condo" priced at $262 / sq.feet. "Townhouse" is the most costly type of property with a $8,734 / sq.feet cost followed by "Duplex" with an average price of $6,828 / sq.feet.
