The prices in real estate in Lowell, in the Arkansas 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 Lowell has increased strongly during the last 6 months. In October, the average price per sq.feet was $143. In November this price pretty much remained the same at a value of $141 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 115 %. The price per sq.feet has had a considerable increase of 119 % 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 $152.75 to $182.5 during February, and March.
Based upon to the price in Lowell (cities), these have remained the same in the last 6 months. The average price for October is $320,563. During November the price had a slight fall till $275,790. During the following two months (December, January) the price has had an average incrementation from $298,176.5 to $324,142. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $373,779 they are 60 % more affordable than the average price for Lowell. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 2 bedrooms priced at $258,029.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $117 / sq.feet, with an average $215 / sq.feet price in Lowell. The properties with the highest average prices have 4 bedrooms. They are 801 % more expensive than the average followed by properties with 2 bedrooms with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $373,779 it is 85 % cheaper than the average price in Lowell. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $238,960 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $129 / sq.feet followed by "Townhouse" priced at $447 / sq.feet. "Apartment" is the most costly type of property with a $980 / sq.feet cost followed by "Townhouse" with an average price of $447 / sq.feet.