The prices in real estate in Spicewood, 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 Spicewood has fallen in the last 6 months. In April, the average price per sq.feet was $299. In the following month the price per sq.feet decreased to $272. In the following two months the price per sq.feet has barely changed, going from $285.5 to $288.5 per sq.feet. The price per sq.feet has had a considerable deflation of 81 % 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 $287 to $232 during August, and September.
Based upon to the price in Spicewood (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $980,306. In May This price remains at $956,464. During the following two months (June, July) the average price had a considerable increase of 118 % 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 $1,057,813.5 to $800,720.5, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $694,871 they are 42 % more affordable than the average price for Spicewood. The properties with the highest average price have 1 bedroom, Their price is 77 % more costly than the average. After that we have properties with 4 bedrooms priced at $900,516.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $225 / sq.feet, with an average $214 / sq.feet price in Spicewood. The properties with the highest average prices have 1 bedroom. They are 321 % more expensive than the average followed by properties with 2 bedrooms with a price at $312 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $694,871 it is 40 % cheaper than the average price in Spicewood. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $791,348 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $147 / sq.feet followed by "Townhouse" priced at $162 / sq.feet. "Land" is the most costly type of property with a $270 / sq.feet cost followed by "House" with an average price of $244 / sq.feet.