The prices in real estate in Smithville, in the Texas 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 Smithville has increased strongly during the last 6 months. In August, the average price per sq.feet was $166. In September this price pretty much remained the same at a value of $164 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $165 to $177.5 per sq.feet. The price per sq.feet has had a considerable increase of 138 % 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 $171.25 to $237 during December, and January.
Based upon to the price in Smithville (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $361,491. In September This price remains at $361,468. During the following two months (October, November) the average price had a considerable increase of 146 % 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 risen strongly 200 % 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 69 % cheaper than the average price of $255,239 in Smithville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 69 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 37 % cheaper than the average price of ($133 / 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 37 % 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 $830,605 it is 90 % 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 $111,502 it is 69 % 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 $55 / sq.feet followed by "Apartment" priced at $64 / sq.feet. "Duplex" is the most costly type of property with a $266 / sq.feet cost followed by "House" with an average price of $133 / sq.feet.