The prices in real estate in Spring Branch, in the Texas region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Spring Branch has remained the same in the last 6 months. In March, the average price per sq.feet was $179. In the following month the price per sq.feet increased to $192. In the following two months the price per sq.feet has barely changed, going from $185.5 to $191.5 per sq.feet. The price per sq.feet has had a considerable deflation of 78 % 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 $188.5 to $147 during July, and August.
Based upon to the price in Spring Branch (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $427,956. In April This price remains at $415,560. During the following two months (May, June) the price has had an average incrementation from $421,758 to $464,348.5. During the last two months the average price has had a strong fall compared to the previous four going from $443,053.25 to $344,990, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $350,159 they are 68 % more affordable than the average price for Spring Branch. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 2 bedrooms priced at $411,246.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $140 / sq.feet, with an average $148 / sq.feet price in Spring Branch. The properties with the highest average prices have 1 bedroom. They are 155 % more expensive than the average followed by properties with 2 bedrooms with a price at $298 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $350,159 it is 18 % cheaper than the average price in Spring Branch. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $350,496 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $117 / sq.feet followed by "Townhouse" priced at $119 / sq.feet. "House" is the cheapest type of property with a $136 / sq.feet value followed by "Townhouse" with an average price of $119 / sq.feet.