The prices in real estate in Silver Springs, in the Nevada 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 Silver Springs has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,328. In the following month the price per sq.feet decreased considerably to $156. The price for the following two months in (September, October) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 36 % 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 $447.5 to $161.5 during November, and December.
Based upon to the price in Silver Springs (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $298,496. In August This price remains at $284,714. During the following two months (September, October) the average price fell 90 % 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 gone up 114 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 5 % cheaper than the average price of $316,220 in Silver Springs. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 359 % more costly than the average price of ($798 / sq.feet) in Silver Springs. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 359 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $332,271 it is 39 % cheaper than the average price in Silver Springs. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Duplex". At a price of $203,269 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $123 / sq.feet followed by "Land" priced at $798 / sq.feet. "Land" is the most costly type of property with a $798 / sq.feet cost followed by "Duplex" with an average price of $123 / sq.feet.