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 March, the average price per sq.feet was $2,356. In the following month the price per sq.feet increased considerably to $2,943. The price for the following two months in (May, June) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable increase of 183 % 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 $1,374.75 to $2,520.5 during July, and August.
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 March, is $3,183,220. During April the price went through a considerable rise reaching $3,975,381. During the following two months (May, June) the average price had a considerable reduction of 5 % 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 137 % 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 $2,384,347 they are 94 % more affordable than the average price for Sandia. The properties with the lowest average price have 2 bedrooms, Their price is 79 % cheaper than the average. After that we have properties with 1 bedroom priced at $136,863.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $83 / sq.feet, with an average $2,331 / sq.feet price in Sandia. The properties with the lowest average prices have 2 bedrooms. They are 93 % cheaper than the average followed by properties with 1 bedroom with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $2,384,347 it is 90 % cheaper than the average price in Sandia. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $248,877 it is 79 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $92 / sq.feet followed by "House" priced at $161 / sq.feet. "House" is the cheapest type of property with a $161 / sq.feet value followed by "Commercial Property" with an average price of $92 / sq.feet.