The prices in real estate in Palacios, 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 Palacios has increased strongly during the last 6 months. In June, the average price per sq.feet was $222. In July this price pretty much remained the same at a value of $217 per sq.feet. The price for the following two months in (August, September) had a considerable increment of 269 %. The price per sq.feet has had a considerable increase of 510 % 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 $404.75 to $2,065.5 during October, and November.
Based upon to the price in Palacios (cities), these have remained the same in the last 6 months. The average price for June is $360,387. During July the price had a slight fall till $339,112. In the following two months the average price has remained the same with regard to the previous two months from $349,749.5 to $365,236. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $357,492.75 to $327,717.5 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $303,568 they are 38 % more affordable than the average price for Palacios. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at $310,102.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $3,232 / sq.feet price in Palacios. The properties with the lowest average prices have 1 bedroom. They are 89 % cheaper than the average followed by properties with 2 bedrooms with a price at $212 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $303,568 it is 26 % cheaper than the average price in Palacios. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $320,066 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $200 / sq.feet followed by "Detached House" priced at $230 / sq.feet. "Land" is the most costly type of property with a $63,702 / sq.feet cost followed by "Detached House" with an average price of $230 / sq.feet.