The prices in real estate in Spring Branch, 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 Spring Branch has increased strongly during the last 6 months. In July, the average price per sq.feet was $146. In August this price pretty much remained the same at a value of $148 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $147 to $163.5 per sq.feet. The price per sq.feet has had a considerable increase of 127 % 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 $155.25 to $197.5 during November, and December.
Based upon to the price in Spring Branch (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $339,821. In August This price remains at $350,159. During the following two months (September, October) the average price had a considerable increase of 119 % 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 127 % 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 $454,347 they are 75 % more affordable than the average price for Spring Branch. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 2 bedrooms priced at $411,658.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $196 / sq.feet price in Spring Branch. The properties with the highest average prices have 1 bedroom. They are 93 % more expensive than the average followed by properties with 2 bedrooms with a price at $299 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $454,347 it is 37 % cheaper than the average price in Spring Branch. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $349,094 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $113 / sq.feet followed by "Townhouse" priced at $115 / sq.feet. "House" is the cheapest type of property with a $132 / sq.feet value followed by "Townhouse" with an average price of $115 / sq.feet.