Property prices for sale in Silver City (New Mexico)
The prices in real estate in Silver City, in the New Mexico region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Silver City has fallen in the last 6 months. In October, the average price per sq.feet was $1,341. In the following month the price per sq.feet increased considerably to $1,612. The price for the following two months in (December, January) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has increased 113 % 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 $1,183.5 to $1,339 during February, and March.
Based upon to the price in Silver City (cities), these have remained the same in the last 6 months. The price in October is $264,770, rising in November till $296,810. In the following two months the average price has remained the same with regard to the previous two months from $280,790 to $269,280.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $275,035.25 to $244,145 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $259,696 they are 4 % more affordable than the average price for Silver City. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 2 bedrooms priced at $310,168.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $219 / sq.feet, with an average $1,468 / sq.feet price in Silver City. The properties with the lowest average prices have 4 bedrooms. They are 41 % cheaper than the average followed by properties with 3 bedrooms with a price at $744 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $259,696 it is 70 % cheaper than the average price in Silver City. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial Property". At a price of $333,945 it is 1158 % 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 $108 / sq.feet followed by "Farm" priced at $845 / sq.feet. "Land" is the most costly type of property with a $5,354 / sq.feet cost followed by "House" with an average price of $1,733 / sq.feet.
