The prices in real estate in Rison, in the Arkansas 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 Rison has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $201. In the following month the price per sq.feet increased considerably to $261. The price for the following two months in (June, July) had a considerable decrease of 15 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $132.75 to $83.5 during August, and September.
Based upon to the price in Rison (cities), this has gone up considerably in the last 6 months. The price in April is $77,175, rising in May till $88,600. During the following two months (June, July) the average price had a considerable reduction of 61 % 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 209 % 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 $135,067 they are 55 % more affordable than the average price for Rison. The properties with the highest average price have 4 bedrooms, Their price is 1330 % more costly than the average. After that we have properties with 3 bedrooms priced at $185,325.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $46 / sq.feet, with an average $79 / sq.feet price in Rison. The properties with the highest average prices have 4 bedrooms. They are 971 % more expensive than the average followed by properties with 3 bedrooms with a price at $100 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $135,067 it is 28 % cheaper than the average price in Rison. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $97,475 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $66 / sq.feet followed by "Land" priced at $89 / sq.feet. "Land" is the most costly type of property with a $89 / sq.feet cost followed by "House" with an average price of $66 / sq.feet.