The prices in real estate in Mena, in the Arkansas 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 Mena has increased strongly during the last 6 months. In June, the average price per sq.feet was $117. In the following month the price per sq.feet increased to $132. The price for the following two months in (August, September) had a considerable increment of 127 %. The price per sq.feet has increased 110 % 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 $141.25 to $155.5 during October, and November.
Based upon to the price in Mena (cities), this has gone up considerably in the last 6 months. In our first sample month during June, the average price is $251,847. In July This price remains at $255,734. During the following two months (August, September) the average price had a considerable increase of 131 % 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 $292,649 and $307,153 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $305,320 they are 50 % more affordable than the average price for Mena. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $252,210.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $154 / sq.feet price in Mena. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $175 / sq.feet.
With regard to the average price based upon the property in Mena we can see that the cheapest property type is "House" at a price of $285,403, they are 7 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 7 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $155 / sq.feet. "House" at an average price of $155 / sq.feet has the most expensive price and would be directed at more affluent cities.