Property prices for sale in Mercedes (Texas)
The prices in real estate in Mercedes, 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 Mercedes has increased strongly during the last 6 months. In October, the average price per sq.feet was $130. In the following month the price per sq.feet increased considerably to $4,055. The price for the following two months in (December, January) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % 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 $1,806 to $880 during February, and March.
Based upon to the price in Mercedes (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $217,401. In November This price remains at $221,209. During the following two months (December, January) the price has had an average incrementation from $219,305 to $234,144.5. 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 $226,724.75 and $233,816.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $241,959 they are 55 % more affordable than the average price for Mercedes. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $198,057.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $1,609 / sq.feet price in Mercedes. The properties with the lowest average prices have 1 bedroom. They are 89 % cheaper than the average followed by properties with 3 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $241,959 it is 4 % cheaper than the average price in Mercedes. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $231,324 it is 53 % 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 $153 / sq.feet followed by "Land" priced at $56,350 / sq.feet. "Land" is the most costly type of property with a $56,350 / sq.feet cost followed by "House" with an average price of $153 / sq.feet.
