The prices in real estate in Santa Teresa, 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 Santa Teresa has increased strongly during the last 6 months. In October, the average price per sq.feet was $104. In the following month the price per sq.feet increased to $112. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 155 % 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 $103.25 to $160 during February, and March.
Based upon to the price in Santa Teresa (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $361,076. In November This price remains at $362,781. In the following two months the average price has remained the same with regard to the previous two months from $361,928.5 to $363,198. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $362,563.25 and $352,405.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $353,416 they are 2 % more affordable than the average price for Santa Teresa. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 2 bedrooms priced at $348,112.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,073 / sq.feet, with an average $182 / sq.feet price in Santa Teresa. The properties with the highest average prices have 1 bedroom. They are 495 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,073 / sq.feet.
With regard to the average price based upon the property in Santa Teresa we can see that the cheapest property type is "House" at a price of $348,112, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,073 / sq.feet. "House" at an average price of $1,073 / sq.feet has the most expensive price and would be directed at more affluent cities.