The prices in real estate in Lipan, in the Texas 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 Lipan has increased strongly during the last 6 months. In November, the average price per sq.feet was $5,027. In the following month the price per sq.feet increased considerably to $7,271. The price for the following two months in (January, February) had a considerable increment of 149 %. The price per sq.feet has had a considerable increase of 120 % 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 $7,664.75 to $9,200 during March, and April.
Based upon to the price in Lipan (cities), this has gone downing the last 6 months. The average price for November is $823,739. During December the price had a considerable reduction till $689,852. In the following two months the average price has remained the same with regard to the previous two months from $756,795.5 to $793,036.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $774,916 to $703,657 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $763,455 they are 71 % more affordable than the average price for Lipan. The properties with the highest average price have 3 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 2 bedrooms priced at $727,083.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $181 / sq.feet, with an average $5,091 / sq.feet price in Lipan. The properties with the lowest average prices have 3 bedrooms. They are 90 % cheaper than the average followed by properties with 2 bedrooms with a price at $472 / sq.feet.
With regard to the average price based upon the property in Lipan we can see that the cheapest property type is "Land" at a price of $419,578, they are 45 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 45 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $45,970 / sq.feet. "Land" at an average price of $45,970 / sq.feet has the most expensive price and would be directed at more affluent cities.