The prices in real estate in Plano, 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 Plano has increased strongly during the last 6 months. In February, the average price per sq.feet was $159. In the following month the price per sq.feet increased to $167. In the following two months the price per sq.feet has barely changed, going from $163 to $165.5 per sq.feet. The price per sq.feet has had a considerable increase of 167 % 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 $164.25 to $274.5 during June, and July.
Based upon to the price in Plano (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $452,338. In March This price remains at $456,688. During the following two months (April, May) the price has had an average incrementation from $454,513 to $491,847.5. 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 $473,180.25 and $477,321.5 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 $495,471 they are 67 % more affordable than the average price for Plano. The properties with the highest average price have 4 bedrooms, Their price is 0 % more costly than the average. After that we have properties with 3 bedrooms priced at $484,037.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $260 / sq.feet, with an average $396 / sq.feet price in Plano. The properties with the highest average prices have 3 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $475 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $495,471 it is 45 % cheaper than the average price in Plano. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $585,129 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $186 / sq.feet followed by "Commercial" priced at $208 / sq.feet. "Condo" is the most costly type of property with a $1,782 / sq.feet cost followed by "House" with an average price of $755 / sq.feet.