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 $1,138. In the following month the price per sq.feet decreased to $1,041. The price for the following two months in (September, October) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $826.5 to $86.5 during November, and December.
Based upon to the price in Hot Springs Village (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $199,570. During August the price went through a considerable rise reaching $254,418. During the following two months (September, October) the average price had a considerable increase of 119 % 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 129 % 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 $299,284 they are 49 % more affordable than the average price for Hot Springs Village. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at $220,161.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $242 / sq.feet, with an average $83 / sq.feet price in Hot Springs Village. The properties with the highest average prices have 3 bedrooms. They are 3698 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,490 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $299,284 it is 44 % cheaper than the average price in Hot Springs Village. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $309,742 it is 151 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $119 / sq.feet followed by "Land" priced at $122 / sq.feet. "Townhouse" is the most costly type of property with a $898 / sq.feet cost followed by "House" with an average price of $181 / sq.feet.