The prices in real estate in Somerville, 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 Somerville has increased strongly during the last 6 months. In October, the average price per sq.feet was $120. In the following month the price per sq.feet increased considerably to $286. The price for the following two months in (December, January) had a considerable increment of 138 %. The price per sq.feet has had a considerable increase of 1883 % 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 $241.75 to $4,551.5 during February, and March.
Based upon to the price in Somerville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $176,669. During November the price went through a considerable rise reaching $1,668,034. During the following two months (December, January) the average price had a considerable increase of 180 % 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 198 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,537,382 they are 97 % more affordable than the average price for Somerville. The properties with the lowest average price have 2 bedrooms, Their price is 94 % cheaper than the average. After that we have properties with 3 bedrooms priced at $130,464.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $59 / sq.feet, with an average $8,263 / sq.feet price in Somerville. The properties with the lowest average prices have 2 bedrooms. They are 99 % cheaper than the average followed by properties with 1 bedroom with a price at $82 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $3,537,382 it is 97 % cheaper than the average price in Somerville. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $114,761 it is 95 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $62 / sq.feet followed by "Duplex" priced at $114 / sq.feet. "Duplex" is the cheapest type of property with a $114 / sq.feet value followed by "House" with an average price of $62 / sq.feet.