The prices in real estate in Lorena, in the Texas region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Lorena has remained the same in the last 6 months. In May, the average price per sq.feet was $125. In June this price pretty much remained the same at a value of $124 per sq.feet. The price for the following two months in (July, August) decreased 89 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 $117.75 to $124.5 during September, and October.
Based upon to the price in Lorena (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $284,374. In June This price remains at $293,341. During the following two months (July, August) the average price fell 91 % 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 gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $304,176 they are 14 % more affordable than the average price for Lorena. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 1 bedroom priced at $266,612.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $124 / sq.feet price in Lorena. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 3 bedrooms with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $304,176 it is 35 % cheaper than the average price in Lorena. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $259,543 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $73 / sq.feet followed by "Land" priced at $107 / sq.feet. "House" is the cheapest type of property with a $110 / sq.feet value followed by "Land" with an average price of $107 / sq.feet.