The prices in real estate in Nacogdoches, in the Texas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Nacogdoches has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $591. In the following month the price per sq.feet decreased considerably to $98. The price for the following two months in (September, October) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $212.75 to $85 during November, and December.
Based upon to the price in Nacogdoches (cities), these have remained the same in the last 6 months. The average price during our first sample month during July, is $211,110. During August the price went through a considerable rise reaching $256,310. During the following two months (September, October) the average price had a considerable reduction of 80 % 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 $210,697.5 and $205,859 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $223,096 they are 24 % more affordable than the average price for Nacogdoches. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 1 bedroom priced at $169,326.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $78 / sq.feet, with an average $86 / sq.feet price in Nacogdoches. The properties with the highest average prices have 4 bedrooms. They are 98 % more expensive than the average followed by properties with 1 bedroom with a price at $78 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $223,096 it is 19 % cheaper than the average price in Nacogdoches. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $181,779 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $121 / sq.feet followed by "Apartment" priced at $170 / sq.feet. "Apartment" is the most costly type of property with a $170 / sq.feet cost followed by "Townhouse" with an average price of $121 / sq.feet.