The prices in real estate in Sandia, in the Texas 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 Sandia has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $237. In the following month the price per sq.feet increased to $252. The price for the following two months in (April, May) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $214.25 to $193.5 during June, and July.
Based upon to the price in Sandia (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during February, is $462,609. During March the price went through a considerable rise reaching $591,256. During the following two months (April, May) the average price had a considerable reduction of 67 % 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 $441,066 to $331,609.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $342,573 they are 61 % more affordable than the average price for Sandia. The properties with the highest average price have 2 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 1 bedroom priced at $135,088.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $70 / sq.feet, with an average $190 / sq.feet price in Sandia. The properties with the lowest average prices have 2 bedrooms. They are 27 % cheaper than the average followed by properties with 1 bedroom with a price at $70 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $342,573 it is 29 % cheaper than the average price in Sandia. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $243,449 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $70 / sq.feet followed by "House" priced at $139 / sq.feet. "House" is the cheapest type of property with a $139 / sq.feet value followed by "Commercial Property" with an average price of $70 / sq.feet.