The prices in real estate in Smithville, in the Texas 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 Smithville has fallen in the last 6 months. In March, the average price per sq.feet was $382. In the following month the price per sq.feet decreased considerably to $265. The price for the following two months in (May, June) had a considerable increment of 147 %. The price per sq.feet has had a considerable deflation of 69 % 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 $399.25 to $276.5 during July, and August.
Based upon to the price in Smithville (cities), this has fallen considerably in the last 6 months. The average price for March is $1,992,429. During April the price had a considerable reduction till $1,347,428. During the following two months (May, June) the average price fell 93 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,609,601.75 to $877,038.5, which means a 54 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 49 % cheaper than the average price of $253,455 in Smithville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 49 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 21 % cheaper than the average price of ($126 / sq.feet) in Smithville. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 21 % cheaper 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 $496,760 it is 83 % cheaper than the average price in Smithville. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $110,720 it is 49 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $48 / sq.feet followed by "Apartment" priced at $57 / sq.feet. "Duplex" is the most costly type of property with a $259 / sq.feet cost followed by "House" with an average price of $126 / sq.feet.