The prices in real estate in Ruidoso, 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 Ruidoso has remained the same in the last 6 months. In November, the average price per sq.feet was $194. In December this price pretty much remained the same at a value of $197 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $195.5 to $205.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $200.5 to $200.5 during March y April
Based upon to the price in Ruidoso (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $654,554. In December This price remains at $665,940. In the following two months the average price has remained the same with regard to the previous two months from $660,247 to $633,945. During the last two months the average price has had a strong fall compared to the previous four going from $647,096 to $534,454, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $555,405 they are 80 % more affordable than the average price for Ruidoso. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $322,914.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $107 / sq.feet, with an average $201 / sq.feet price in Ruidoso. The properties with the highest average prices have 3 bedrooms. They are 277 % more expensive than the average followed by properties with 4 bedrooms with a price at $475 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $555,405 it is 88 % cheaper than the average price in Ruidoso. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $154,058 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $111 / sq.feet followed by "House" priced at $227 / sq.feet. "Land" is the most costly type of property with a $1,429 / sq.feet cost followed by "House" with an average price of $227 / sq.feet.