The prices in real estate in Rio Vista, 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 Vista has increased strongly during the last 6 months. In November, the average price per sq.feet was $12,908. In the following month the price per sq.feet increased considerably to $17,368. In the following two months the price per sq.feet has barely changed, going from $15,138 to $14,558.5 per sq.feet. The price per sq.feet has increased 107 % 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 $14,848.25 to $15,836 during March, and April.
Based upon to the price in Rio Vista (cities), this has fallen considerably in the last 6 months. The price in November is $627,147, rising in December till $707,429. During the following two months (January, February) the average price had a considerable reduction of 41 % 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 $471,846.5 to $239,354, which means a 51 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $235,327 they are 15 % more affordable than the average price for Rio Vista. The properties with the highest average price have 1 bedroom, Their price is 13 % more costly than the average. After that we have properties with 2 bedrooms priced at $199,594.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $69 / sq.feet, with an average $5,062 / sq.feet price in Rio Vista. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $69 / sq.feet.
With regard to the average price based upon the property in Rio Vista we can see that the cheapest property type is "House" at a price of $199,594, they are 15 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 15 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $69 / sq.feet. "House" with an average cost of $69 / sq.feet has the lowest price and would be directed at less affluent cities.