The prices in real estate in Lorena, 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 Lorena has increased strongly during the last 6 months. In November, the average price per sq.feet was $123. In the following month the price per sq.feet increased considerably to $143. The price for the following two months in (January, February) had a considerable increment of 526 %. The price per sq.feet has had a considerable deflation of 28 % 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 $416.25 to $114.5 during March, and April.
Based upon to the price in Lorena (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $309,410. During December the price went through a considerable rise reaching $359,343. During the following two months (January, February) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $363,187.5 to $266,327, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $247,690 they are 5 % more expensive than the average price for Lorena. Following this ranking we find those properties with 1 at an average price of $265,013. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 1 bedroom priced at $265,013.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $112 / sq.feet price in Lorena. The properties with the lowest average prices have 1 bedroom. They are 4 % cheaper than the average followed by properties with 3 bedrooms with a price at $106 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $247,690 it is 21 % cheaper than the average price in Lorena. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $257,986 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $67 / sq.feet followed by "Land" priced at $101 / sq.feet. "House" is the cheapest type of property with a $104 / sq.feet value followed by "Land" with an average price of $101 / sq.feet.