Property prices for sale in Lowell (Arkansas)
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 November, the average price per sq.feet was $3,033. In the following month the price per sq.feet decreased to $2,616. The price for the following two months in (January, February) had a considerable increment of 279 %. The price per sq.feet has had a considerable deflation of 37 % 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 $5,356.5 to $1,977 during March, and April.
Based upon to the price in Lowell (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $451,026. In December This price remains at $466,659. In the following two months the average price has remained the same with regard to the previous two months from $458,842.5 to $449,576.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $454,209.5 and $452,519 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $471,525 they are 70 % more affordable than the average price for Lowell. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $249,884.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $85 / sq.feet, with an average $218 / sq.feet price in Lowell. The properties with the highest average prices have 4 bedrooms. They are 760 % more expensive than the average followed by properties with 2 bedrooms with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $471,525 it is 88 % cheaper than the average price in Lowell. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $230,258 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $97 / sq.feet followed by "Townhouse" priced at $410 / sq.feet. "House" is the most costly type of property with a $948 / sq.feet cost followed by "Townhouse" with an average price of $410 / sq.feet.
