The prices in real estate in Port Arthur, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Port Arthur has fallen in the last 6 months. In May, the average price per sq.feet was $103. In the following month the price per sq.feet decreased to $89. In the following two months the price per sq.feet has barely changed, going from $96 to $96.5 per sq.feet. The price per sq.feet has decreased 95 % 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 $96.25 to $91 during September, and October.
Based upon to the price in Port Arthur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $245,664. During June the price went through a considerable rise reaching $321,400. During the following two months (July, August) the average price had a considerable increase of 144 % 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 $345,417.75 to $164,046, which means a 47 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $160,438 they are 8 % more affordable than the average price for Port Arthur. The properties with the highest average price have 1 bedroom, Their price is 375 % more costly than the average. After that we have properties with 4 bedrooms priced at $147,041.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $41 / sq.feet, with an average $90 / sq.feet price in Port Arthur. The properties with the lowest average prices have 4 bedrooms. They are 27 % cheaper than the average followed by properties with 1 bedroom with a price at $41 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $160,438 it is 29 % cheaper than the average price in Port Arthur. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $146,305 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $34 / sq.feet followed by "House" priced at $61 / sq.feet. "Apartment" is the cheapest type of property with a $66 / sq.feet value followed by "House" with an average price of $61 / sq.feet.