Property prices for sale in Normangee (Texas)
The prices in real estate in Normangee, 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 Normangee has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $11,513. In the following month the price per sq.feet decreased considerably to $4,878. The price for the following two months in (January, February) had a considerable decrease of 25 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 75 % 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 $5,110.75 to $3,812 during March, and April.
Based upon to the price in Normangee (cities), this has gone up considerably in the last 6 months. The average price for November is $393,033. During December the price had a considerable reduction till $279,561. During the following two months (January, February) the average price had a considerable increase of 126 % 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 risen strongly 218 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $866,528 they are 79 % more affordable than the average price for Normangee. The properties with the highest average price have 1 bedroom, Their price is 261 % more costly than the average. After that we have properties with 3 bedrooms priced at $768,370.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $177 / sq.feet, with an average $2,016 / sq.feet price in Normangee. The properties with the highest average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 3 bedrooms with a price at $304 / sq.feet.
With regard to the average price based upon the property in Normangee we can see that the cheapest property type is "Land" at a price of $799,129, they are 8 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 8 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $15,354 / sq.feet. "Land" at an average price of $15,354 / sq.feet has the most expensive price and would be directed at more affluent cities.
