The prices in real estate in La Feria, in the Texas 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 La Feria has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $517. In the following month the price per sq.feet decreased considerably to $170. The price for the following two months in (January, February) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $255.25 to $173.5 during March, and April.
Based upon to the price in La Feria (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $250,002. In December This price remains at $262,190. In the following two months the average price has remained the same with regard to the previous two months from $256,096 to $250,970. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $253,533 and $259,768.5 between March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 79 % cheaper than the average price of $54,162 in La Feria. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 79 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 45 % cheaper than the average price of ($94 / sq.feet) in La Feria. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 45 % cheaper than the average value aforementioned.