The prices in real estate in Lytle, in the Texas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Lytle has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $481. In the following month the price per sq.feet decreased considerably to $86. The price for the following two months in (January, February) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 38 % 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 $196.5 to $74 during March, and April.
Based upon to the price in Lytle (cities), this has fallen considerably in the last 6 months. The average price for November is $987,121. During December the price had a considerable reduction till $148,806. During the following two months (January, February) the average price had a considerable reduction of 38 % 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 $392,293.25 to $149,647, which means a 38 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $167,940 they are 68 % more affordable than the average price for Lytle. The properties with the lowest average price have 4 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at $107,962.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $49 / sq.feet, with an average $78 / sq.feet price in Lytle. The properties with the lowest average prices have 1 bedroom. They are 6 % cheaper than the average followed by properties with 3 bedrooms with a price at $56 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $167,940 it is 32 % cheaper than the average price in Lytle. "Commercial" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $114,818 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $44 / sq.feet followed by "House" priced at $59 / sq.feet. "House" is the cheapest type of property with a $59 / sq.feet value followed by "Commercial" with an average price of $44 / sq.feet.