The prices in real estate in Mcallen, in the Texas region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Mcallen has increased during the last 6 months. In August, the average price per sq.feet was $103. In September this price pretty much remained the same at a value of $104 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $103.5 to $108 per sq.feet. The price per sq.feet has increased 105 % 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 $105.75 to $111.5 during December, and January.
Based upon to the price in Mcallen (cities), this has gone downing the last 6 months. The average price for August is $364,317. During September the price had a slight fall till $311,421. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. 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 $328,365.5 and $319,108.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $331,253 they are 32 % more affordable than the average price for Mcallen. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 1 bedroom priced at $226,314.
With regard to the average prices per sq.feet those properties with 1 bedroom are 10 % cheaper than the average price of ($98 / sq.feet) in Mcallen. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 10 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $331,253 it is 33 % cheaper than the average price in Mcallen. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $264,009 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $73 / sq.feet followed by "Apartment" priced at $78 / sq.feet. "House" is the cheapest type of property with a $93 / sq.feet value followed by "Condo" with an average price of $88 / sq.feet.