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 April, the average price per sq.feet was $301. In the following month the price per sq.feet increased considerably to $616. The price for the following two months in (June, July) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $423.25 to $213 during August, and September.
Based upon to the price in Los Lunas (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $153,923. During May the price went through a considerable rise reaching $190,185. During the following two months (June, July) the average price had a considerable increase of 118 % 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 114 % 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 $215,572 they are 5 % more affordable than the average price for Los Lunas. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 1 bedroom priced at $266,113.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $233 / sq.feet price in Los Lunas. The properties with the highest average prices have 4 bedrooms. They are 309 % more expensive than the average followed by properties with 3 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $215,572 it is 65 % cheaper than the average price in Los Lunas. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $208,928 it is 7 % 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 $86 / sq.feet followed by "House" priced at $129 / sq.feet. "Land" is the most costly type of property with a $504 / sq.feet cost followed by "House" with an average price of $129 / sq.feet.