Property prices for sale in Southlake (Texas)
The prices in real estate in Southlake, in the Texas 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 Southlake has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $13,468. In the following month the price per sq.feet decreased considerably to $418. The price for the following two months in (May, June) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $3,688.75 to $422.5 during July, and August.
Based upon to the price in Southlake (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $2,060,245. In April This price remains at $2,145,680. In the following two months the average price has remained the same with regard to the previous two months from $2,102,962.5 to $2,099,081. During the last two months the average price has had a strong fall compared to the previous four going from $2,101,021.75 to $1,733,601.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,692,112 they are 87 % more affordable than the average price for Southlake. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,210,809.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $210 / sq.feet, with an average $424 / sq.feet price in Southlake. The properties with the highest average prices have 2 bedrooms. They are 67 % more expensive than the average followed by properties with 3 bedrooms with a price at $541 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,692,112 it is 44 % cheaper than the average price in Southlake. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $939,980 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $386 / sq.feet followed by "Apartment" priced at $921 / sq.feet. "Apartment" is the most costly type of property with a $921 / sq.feet cost followed by "House" with an average price of $386 / sq.feet.
