The prices in real estate in Los Lunas, in the New Mexico 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 Los Lunas has increased strongly during the last 6 months. In October, the average price per sq.feet was $119. In November this price pretty much remained the same at a value of $120 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $119.5 to $115 per sq.feet. The price per sq.feet has had a considerable increase of 223 % 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 $117.25 to $261 during February, and March.
Based upon to the price in Los Lunas (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $254,005. In November This price remains at $245,065. During the following two months (December, January) the average price fell 94 % 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 $242,188.75 to $192,369, which means a 79 % 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 $186,080 they are 9 % more expensive than the average price for Los Lunas. Following this ranking we find those properties with 2 at an average price of $214,846. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 1 bedroom priced at $241,780.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $94 / sq.feet, with an average $267 / sq.feet price in Los Lunas. The properties with the lowest average prices have 2 bedrooms. They are 54 % cheaper than the average followed by properties with 1 bedroom with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $186,080 it is 8 % more expensive than the average price in Los Lunas. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $210,189 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $92 / sq.feet followed by "Land" priced at $93 / sq.feet. "House" is the cheapest type of property with a $113 / sq.feet value followed by "Land" with an average price of $93 / sq.feet.