The prices in real estate in Placitas, in the New Mexico 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 Placitas has increased strongly during the last 6 months. In November, the average price per sq.feet was $192. In December this price pretty much remained the same at a value of $195 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from $193.5 to $222.5 per sq.feet. The price per sq.feet has had a considerable increase of 3935 % 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 $208 to $8,184 during March, and April.
Based upon to the price in Placitas (cities), this has gone downing the last 6 months. The average price for November is $719,200. During December the price had a considerable reduction till $583,675. During the following two months (January, February) the price has had an average incrementation from $651,437.5 to $725,111. During the last two months the average price has had a strong fall compared to the previous four going from $688,274.25 to $519,554.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $491,656 they are 31 % more affordable than the average price for Placitas. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $587,805.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $163 / sq.feet, with an average $13,871 / sq.feet price in Placitas. The properties with the lowest average prices have 3 bedrooms. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $186 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $491,656 it is 9 % cheaper than the average price in Placitas. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $447,224 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $141 / sq.feet followed by "House" priced at $192 / sq.feet. "House" is the cheapest type of property with a $192 / sq.feet value followed by "Apartment" with an average price of $141 / sq.feet.