Property prices for sale in Ruidoso (New Mexico)
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 October, the average price per sq.feet was $245. In November this price pretty much remained the same at a value of $238 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $241.5 to $258.5 per sq.feet. The price per sq.feet has had a considerable increase of 161 % 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 $250 to $401.5 during February, and March.
Based upon to the price in Ruidoso (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $359,056. In November This price remains at $356,176. During the following two months (December, January) the average price had a considerable increase of 127 % 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 132 % 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 $515,766 they are 76 % more affordable than the average price for Ruidoso. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $462,839.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $471 / sq.feet price in Ruidoso. The properties with the lowest average prices have 1 bedroom. They are 42 % cheaper than the average followed by properties with 4 bedrooms with a price at $267 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $515,766 it is 67 % cheaper than the average price in Ruidoso. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $255,204 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $225 / sq.feet followed by "House" priced at $274 / sq.feet. "Land" is the most costly type of property with a $54,766 / sq.feet cost followed by "House" with an average price of $274 / sq.feet.
