The prices in real estate in Ruidoso, in the New Mexico 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 Ruidoso has increased strongly during the last 6 months. In December, the average price per sq.feet was $241. In the following month the price per sq.feet increased considerably to $460. In the following two months the price per sq.feet has barely changed, going from $350.5 to $352 per sq.feet. The price per sq.feet has decreased 94 % 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 $351.25 to $330.5 during April, and May.
Based upon to the price in Ruidoso (cities), this has gone downing the last 6 months. The average price for December is $289,342. During January the price had a considerable reduction till $242,861. In the following two months the average price has remained the same with regard to the previous two months from $266,101.5 to $266,022. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $325,325 they are 58 % more affordable than the average price for Ruidoso. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $304,641.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $240 / sq.feet price in Ruidoso. The properties with the highest average prices have 1 bedroom. They are 172 % more expensive than the average followed by properties with 2 bedrooms with a price at $329 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $325,325 it is 16 % cheaper than the average price in Ruidoso. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $341,408 it is 102 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $135 / sq.feet followed by "House" priced at $159 / sq.feet. "Commercial" is the most costly type of property with a $1,730 / sq.feet cost followed by "House" with an average price of $159 / sq.feet.