The prices in real estate in Rio Rancho, in the New Mexico region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Rio Rancho has remained the same in the last 6 months. In October, the average price per sq.feet was $147. In the following month the price per sq.feet decreased to $126. In the following two months the price per sq.feet has increased 108 %, going from $136.5 to $148 per sq.feet. The price per sq.feet has increased 110 % 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 $142.25 to $156 during February, and March.
Based upon to the price in Rio Rancho (cities), this has gone up considerably in the last 6 months. The price in October is $255,066, rising in November till $288,087. During the following two months (December, January) the average price had a considerable increase of 130 % 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 gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $356,322 they are 72 % more affordable than the average price for Rio Rancho. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 3 bedrooms priced at $251,273.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $80 / sq.feet, with an average $156 / sq.feet price in Rio Rancho. The properties with the highest average prices have 4 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at $113 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $356,322 it is 66 % cheaper than the average price in Rio Rancho. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Commercial". At a price of $284,170 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $89 / sq.feet followed by "Duplex" priced at $90 / sq.feet. "House" is the most costly type of property with a $514 / sq.feet cost followed by "Apartment" with an average price of $115 / sq.feet.