The prices in real estate in Mansfield, in the Arkansas 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 Mansfield has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $3,342. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (July, August) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $1,621.75 to $111.5 during September, and October.
Based upon to the price in Mansfield (cities), this has gone up considerably in the last 6 months. The average price for May is $102,167. During June the price had a considerable reduction till . During the following two months (July, August) the average price had a considerable increase of 247 % 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 risen strongly 264 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 25 % cheaper than the average price of $185,480 in Mansfield. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 25 % more affordable than the average aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $247,900 it is 43 % cheaper than the average price in Mansfield. "" is seen as the second most affordable property type. The cheapest type property is "" followed by "Apartment". At a price of $140,871 it is 25 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $18 / sq.feet. "Apartment" with an average cost of $18 / sq.feet has the lowest price and would be directed at less affluent cities.