The prices in real estate in Little Rock, 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 Little Rock has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $905. In the following month the price per sq.feet increased to $1,017. In the following two months the price per sq.feet has barely changed, going from $961 to $941 per sq.feet. The price per sq.feet has had a considerable deflation of 12 % 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 $951 to $109.5 during August, and September.
Based upon to the price in Little Rock (cities), this has gone up considerably in the last 6 months. The price in April is $135,725, rising in May till $146,625. During the following two months (June, July) the average price had a considerable increase of 154 % 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 137 % 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 $260,470 they are 30 % more affordable than the average price for Little Rock. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 1 bedroom priced at $269,633.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $113 / sq.feet price in Little Rock. The properties with the highest average prices have 1 bedroom. They are 95 % more expensive than the average followed by properties with 3 bedrooms with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $260,470 it is 39 % cheaper than the average price in Little Rock. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $249,526 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $98 / sq.feet followed by "Townhouse" priced at $107 / sq.feet. "House" is the most costly type of property with a $119 / sq.feet cost followed by "Townhouse" with an average price of $107 / sq.feet.