Property prices for sale in Marfa (Texas)
The prices in real estate in Marfa, 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 Marfa has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $7,990. In the following month the price per sq.feet decreased considerably to $864. In the following two months the price per sq.feet has barely changed, going from $4,427 to $4,525.5 per sq.feet. The price per sq.feet has had a considerable deflation of 55 % 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 $4,476.25 to $2,480 during March, and April.
Based upon to the price in Marfa (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $763,938. In December This price remains at $729,224. During the following two months (January, February) the average price had a considerable increase of 132 % 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 $864,928.75 to $658,210, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $693,819 they are 39 % more affordable than the average price for Marfa. The properties with the highest average price have 4 bedrooms, Their price is 133 % more costly than the average. After that we have properties with 3 bedrooms priced at $672,167.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $305 / sq.feet, with an average $3,288 / sq.feet price in Marfa. The properties with the lowest average prices have 4 bedrooms. They are 81 % cheaper than the average followed by properties with 1 bedroom with a price at $454 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $693,819 it is 13 % cheaper than the average price in Marfa. "Ranch" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Ranch". At a price of $1,882,800 it is 372 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $381 / sq.feet followed by "Ranch" priced at $25,001 / sq.feet. "Land" is the most costly type of property with a $113,831 / sq.feet cost followed by "Ranch" with an average price of $25,001 / sq.feet.
