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 October, the average price per sq.feet was $425. In the following month the price per sq.feet increased considerably to $38,415. In the following two months the price per sq.feet has increased 112 %, going from $19,420 to $21,830 per sq.feet. The price per sq.feet has had a considerable increase of 297 % 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 $20,625 to $61,339 during February, and March.
Based upon to the price in New Waverly (cities), this has fallen considerably in the last 6 months. The average price for October is $872,958. During November the price had a considerable reduction till $536,981. In the following two months the average price has remained the same with regard to the previous two months from $704,969.5 to $697,584.5. During the last two months the average price has had a strong fall compared to the previous four going from $701,277 to $469,706.5, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $435,961 they are 47 % more expensive than the average price for New Waverly. Following this ranking we find those properties with 1 at an average price of $858,055. The properties with the highest average price have 1 bedroom, Their price is 97 % more costly than the average. After that we have properties with 2 bedrooms priced at $641,174.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $659 / sq.feet, with an average $62,769 / sq.feet price in New Waverly. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $659 / 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 $289,501, they are 34 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 34 % 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 $89 / sq.feet. "Land" with an average cost of $89 / sq.feet has the lowest price and would be directed at less affluent cities.