The prices in real estate in Prosper, in the Texas 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 Prosper has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $2,445. In the following month the price per sq.feet increased considerably to $6,155. The price for the following two months in (October, November) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 9 % 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 $2,237 to $197 during December, and January.
Based upon to the price in Prosper (cities), this has gone up in the last 6 months. The price in August is $553,179, rising in September till $605,263. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $640,314 they are 22 % more affordable than the average price for Prosper. The properties with the lowest average price have 2 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 1 bedroom priced at $500,308.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $197 / sq.feet price in Prosper. The properties with the lowest average prices have 1 bedroom. They are 23 % cheaper than the average followed by properties with 2 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $640,314 it is 26 % cheaper than the average price in Prosper. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Farm". At a price of $492,998 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $119 / sq.feet followed by "Condo" priced at $126 / sq.feet. "Apartment" is the cheapest type of property with a $144 / sq.feet value followed by "Townhouse" with an average price of $129 / sq.feet.