The prices in real estate in Mckinney, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Mckinney has fallen in the last 6 months. In September, the average price per sq.feet was $232. In October this price pretty much remained the same at a value of $232 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $232 to $235 per sq.feet. The price per sq.feet has had a considerable deflation of 78 % 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 $233.5 to $183 during January, and February.
Based upon to the price in Mckinney (cities), this has gone downing the last 6 months. The average price for September is $635,312. During October the price had a slight fall till $587,815. In the following two months the average price has remained the same with regard to the previous two months from $611,563.5 to $633,294. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $622,428.75 to $575,388.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $571,651 they are 55 % more affordable than the average price for Mckinney. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $456,326.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $166 / sq.feet, with an average $177 / sq.feet price in Mckinney. The properties with the highest average prices have 1 bedroom. They are 300 % more expensive than the average followed by properties with 2 bedrooms with a price at $266 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $571,651 it is 35 % cheaper than the average price in Mckinney. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $593,311 it is 115 % 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 $89 / sq.feet followed by "House" priced at $172 / sq.feet. "Land" is the most costly type of property with a $223,990 / sq.feet cost followed by "Condo" with an average price of $286 / sq.feet.