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 January, the average price per sq.feet was $217. In February this price pretty much remained the same at a value of $211 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 2392 %. The price per sq.feet has had a considerable deflation of 59 % 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 $2,666.25 to $1,576.5 during May, and June.
Based upon to the price in Smithville (cities), this has gone up in the last 6 months. The average price for January is $476,096. During February the price had a slight fall till $436,016. During the following two months (March, April) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $499,418 and $517,650.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $570,207 they are 56 % more affordable than the average price for Smithville. The properties with the lowest average price have 1 bedroom, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $250,927.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $1,453 / sq.feet price in Smithville. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $570,207 it is 85 % 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 $109,613 it is 56 % 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 $38 / sq.feet followed by "Apartment" priced at $47 / sq.feet. "Duplex" is the cheapest type of property with a $249 / sq.feet value followed by "House" with an average price of $116 / sq.feet.