The prices in real estate in New Braunfels, 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 New Braunfels has increased strongly during the last 6 months. In November, the average price per sq.feet was $150. In December this price pretty much remained the same at a value of $154 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $152 to $153.5 per sq.feet. The price per sq.feet has had a considerable increase of 521 % 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 $152.75 to $796 during March, and April.
Based upon to the price in New Braunfels (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $362,765. In December This price remains at $356,892. In the following two months the average price has remained the same with regard to the previous two months from $359,828.5 to $368,983. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $364,405.75 to $340,045 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $355,028 they are 53 % more affordable than the average price for New Braunfels. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $298,996.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $499 / sq.feet, with an average $980 / sq.feet price in New Braunfels. The properties with the highest average prices have 1 bedroom. They are 245 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,107 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $355,028 it is 17 % cheaper than the average price in New Braunfels. "Duplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $354,820 it is 195 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $118 / sq.feet followed by "Duplex" priced at $126 / sq.feet. "Commercial" is the most costly type of property with a $4,147 / sq.feet cost followed by "House" with an average price of $1,141 / sq.feet.