The prices in real estate in Marble Falls, in the Texas 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 Marble Falls has increased strongly during the last 6 months. In March, the average price per sq.feet was $248. In April this price pretty much remained the same at a value of $241 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $244.5 to $254.5 per sq.feet. The price per sq.feet has had a considerable increase of 173 % 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 $249.5 to $432 during July, and August.
Based upon to the price in Marble Falls (cities), this has gone up in the last 6 months. The price in March is $470,217, rising in April till $497,340. During the following two months (May, June) the price has had an average incrementation from $483,778.5 to $547,483.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $515,631 to $467,016 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $464,422 they are 34 % more affordable than the average price for Marble Falls. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $405,414.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $201 / sq.feet price in Marble Falls. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 4 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $464,422 it is 51 % cheaper than the average price in Marble Falls. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $330,169 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $140 / sq.feet followed by "House" priced at $173 / sq.feet. "Land" is the most costly type of property with a $3,120 / sq.feet cost followed by "Commercial" with an average price of $983 / sq.feet.