Property prices for sale in Rio Grande City (Texas)
The prices in real estate in Rio Grande City, 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 Rio Grande City has increased strongly during the last 6 months. In October, the average price per sq.feet was $120. In the following month the price per sq.feet increased considerably to $699. The price for the following two months in (December, January) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 55 % 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 $312.75 to $171.5 during February, and March.
Based upon to the price in Rio Grande City (cities), this has gone downing the last 6 months. The average price for October is $264,809. During November the price had a slight fall till $244,182. In the following two months the average price has remained the same with regard to the previous two months from $254,495.5 to $246,360. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $250,427.75 to $229,069 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $233,371 they are 56 % more affordable than the average price for Rio Grande City. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 1 bedroom priced at $261,000.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $86 / sq.feet, with an average $224 / sq.feet price in Rio Grande City. The properties with the lowest average prices have 1 bedroom. They are 16 % cheaper than the average followed by properties with 3 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $233,371 it is 21 % cheaper than the average price in Rio Grande City. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $474,667 it is 659 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $121 / sq.feet followed by "Commercial" priced at $128 / sq.feet. "Land" is the most costly type of property with a $49,090 / sq.feet cost followed by "Condo" with an average price of $556 / sq.feet.
