The prices in real estate in Mesquite, in the Nevada 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 Mesquite has increased strongly during the last 6 months. In October, the average price per sq.feet was $387. In the following month the price per sq.feet increased considerably to $827. The price for the following two months in (December, January) had a considerable increment of 125 %. The price per sq.feet has had a considerable increase of 174 % 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 $682.25 to $1,189.5 during February, and March.
Based upon to the price in Mesquite (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $390,123. In November This price remains at $406,835. In the following two months the average price has remained the same with regard to the previous two months from $398,479 to $382,015. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $429,932 they are 18 % more affordable than the average price for Mesquite. The properties with the highest average price have 1 bedroom, Their price is 164 % more costly than the average. After that we have properties with 4 bedrooms priced at $557,830.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $177 / sq.feet, with an average $994 / sq.feet price in Mesquite. The properties with the highest average prices have 1 bedroom. They are 175 % more expensive than the average followed by properties with 3 bedrooms with a price at $529 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $429,932 it is 54 % cheaper than the average price in Mesquite. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $500,689 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $160 / sq.feet followed by "Condo" priced at $203 / sq.feet. "Land" is the most costly type of property with a $58,897 / sq.feet cost followed by "House" with an average price of $928 / sq.feet.