The prices in real estate in Mission, 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 Mission has increased strongly during the last 6 months. In December, the average price per sq.feet was $94. In the following month the price per sq.feet decreased to $87. In the following two months the price per sq.feet has barely changed, going from $90.5 to $93 per sq.feet. The price per sq.feet has had a considerable increase of 441 % 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 $91.75 to $404.5 during April, and May.
Based upon to the price in Mission (cities), these have remained the same in the last 6 months. The average price for December is $209,988. During January the price had a considerable reduction till $160,820. During the following two months (February, March) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $237,125 they are 82 % more affordable than the average price for Mission. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $192,157.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $33 / sq.feet, with an average $573 / sq.feet price in Mission. The properties with the highest average prices have 4 bedrooms. They are 237 % more expensive than the average followed by properties with 3 bedrooms with a price at $55 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $237,125 it is 21 % cheaper than the average price in Mission. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $243,527 it is 166 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $78 / sq.feet followed by "Condo" priced at $88 / sq.feet. "Commercial" is the most costly type of property with a $3,703 / sq.feet cost followed by "House" with an average price of $526 / sq.feet.