The prices in real estate in Sandia Park, 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 Sandia Park has increased strongly during the last 6 months. In November, the average price per sq.feet was $163. In the following month the price per sq.feet increased to $173. In the following two months the price per sq.feet has increased 115 %, going from $168 to $193 per sq.feet. The price per sq.feet has had a considerable increase of 147 % 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 $180.5 to $266 during March, and April.
Based upon to the price in Sandia Park (cities), this has gone up considerably in the last 6 months. The price in November is $512,280, rising in December till $576,843. During the following two months (January, February) the average price fell 92 % 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 193 % 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 $984,989 they are 80 % more affordable than the average price for Sandia Park. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $509,363.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $275 / sq.feet price in Sandia Park. The properties with the lowest average prices have 4 bedrooms. They are 18 % cheaper than the average followed by properties with 3 bedrooms with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $984,989 it is 54 % cheaper than the average price in Sandia Park. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $464,082 it is 49 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $129 / sq.feet followed by "Apartment" priced at $131 / sq.feet. "House" is the cheapest type of property with a $172 / sq.feet value followed by "Apartment" with an average price of $131 / sq.feet.