The prices in real estate in Silver City, 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 Silver City has increased strongly during the last 6 months. In April, the average price per sq.feet was $122. In the following month the price per sq.feet increased to $131. The price for the following two months in (June, July) had a considerable increment of 195 %. The price per sq.feet has had a considerable deflation of 54 % 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 $186.75 to $101 during August, and September.
Based upon to the price in Silver City (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $245,564. In May This price remains at $238,844. During the following two months (June, July) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $235,557 to $202,557 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $206,419 they are 33 % more affordable than the average price for Silver City. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $216,435.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $101 / sq.feet, with an average $100 / sq.feet price in Silver City. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 3 bedrooms with a price at $111 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $206,419 it is 16 % cheaper than the average price in Silver City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial Property". At a price of $352,511 it is 299 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $67 / sq.feet followed by "Commercial" priced at $100 / sq.feet. "Commercial Property" is the most costly type of property with a $162 / sq.feet cost followed by "House" with an average price of $109 / sq.feet.