The prices in real estate in Nacogdoches, 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 Nacogdoches has increased strongly during the last 6 months. In October, the average price per sq.feet was $166. In the following month the price per sq.feet increased considerably to $1,881. The price for the following two months in (December, January) had a considerable increment of 160 %. The price per sq.feet has had a considerable increase of 366 % 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 $1,329.5 to $4,869.5 during February, and March.
Based upon to the price in Nacogdoches (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $274,735. In November This price remains at $280,516. In the following two months the average price has remained the same with regard to the previous two months from $277,625.5 to $269,003.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $320,717 they are 86 % more affordable than the average price for Nacogdoches. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $281,768.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $4,973 / sq.feet price in Nacogdoches. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $320,717 it is 74 % cheaper than the average price in Nacogdoches. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $314,044 it is 1 % 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 $70 / sq.feet followed by "Condo" priced at $97 / sq.feet. "Land" is the most costly type of property with a $44,937 / sq.feet cost followed by "House" with an average price of $154 / sq.feet.