The prices in real estate in New Waverly, 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 Waverly has increased strongly during the last 6 months. In December, the average price per sq.feet was $300. In January this price pretty much remained the same at a value of $300 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 565 %. The price per sq.feet has had a considerable increase of 431 % 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 $997.75 to $4,300.5 during April, and May.
Based upon to the price in New Waverly (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $781,173. In January This price remains at $781,173. During the following two months (February, March) the average price had a considerable reduction of 75 % 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 gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $629,688 they are 5 % more expensive than the average price for New Waverly. Following this ranking we find those properties with 1 at an average price of $887,762. The properties with the highest average price have 1 bedroom, Their price is 41 % more costly than the average. After that we have properties with 2 bedrooms priced at $663,378.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $693 / sq.feet, with an average $2,671 / sq.feet price in New Waverly. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $693 / sq.feet.
With regard to the average price based upon the property in New Waverly we can see that the cheapest property type is "Land" at a price of $299,536, they are 52 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 52 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $123 / sq.feet. "Land" with an average cost of $123 / sq.feet has the lowest price and would be directed at less affluent cities.