The prices in real estate in Pine Bluff, in the Arkansas 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 Pine Bluff has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $428. In the following month the price per sq.feet increased considerably to $522. The price for the following two months in (April, May) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $460 to $129 during June, and July.
Based upon to the price in Pine Bluff (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $106,472. In March This price remains at $104,330. During the following two months (April, May) the average price had a considerable reduction of 71 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $90,000.5 and $92,541.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $104,970 they are 47 % more affordable than the average price for Pine Bluff. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 3 bedrooms priced at $123,733.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $44 / sq.feet, with an average $52 / sq.feet price in Pine Bluff. The properties with the highest average prices have 4 bedrooms. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $57 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $104,970 it is 395 % more expensive than the average price in Pine Bluff. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Land". At a price of $520,052 it is 1021 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $935 / sq.feet followed by "Condo" priced at $1,050 / sq.feet. "Condo" is the most costly type of property with a $1,050 / sq.feet cost followed by "Land" with an average price of $935 / sq.feet.