The prices in real estate in Pharr, 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 Pharr has increased strongly during the last 6 months. In April, the average price per sq.feet was $84. In May this price pretty much remained the same at a value of $87 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 116 % 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 $92.75 to $107.5 during August, and September.
Based upon to the price in Pharr (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $226,609. During May the price went through a considerable rise reaching $478,878. During the following two months (June, July) the average price had a considerable increase of 213 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $552,361.75 to $455,259.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $300,208 they are 51 % more affordable than the average price for Pharr. The properties with the lowest average price have 4 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 1 bedroom priced at $145,787.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $63 / sq.feet, with an average $103 / sq.feet price in Pharr. The properties with the highest average prices have 1 bedroom. They are 88 % more expensive than the average followed by properties with 4 bedrooms with a price at $63 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $300,208 it is 51 % cheaper than the average price in Pharr. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $145,657 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $63 / sq.feet followed by "Townhouse" priced at $183 / sq.feet. "Townhouse" is the most costly type of property with a $183 / sq.feet cost followed by "House" with an average price of $63 / sq.feet.