The prices in real estate in Sulphur Springs, 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 Sulphur Springs has increased strongly during the last 6 months. In December, the average price per sq.feet was $195. In the following month the price per sq.feet increased to $210. The price for the following two months in (February, March) had a considerable increment of 1300 %. The price per sq.feet has had a considerable deflation of 16 % 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 $1,417.5 to $226.5 during April, and May.
Based upon to the price in Sulphur Springs (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $533,466. In January This price remains at $528,534. During the following two months (February, March) the average price had a considerable reduction of 67 % 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 135 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $617,275 they are 85 % more affordable than the average price for Sulphur Springs. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $358,471.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $86 / sq.feet, with an average $185 / sq.feet price in Sulphur Springs. The properties with the lowest average prices have 4 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $617,275 it is 60 % cheaper than the average price in Sulphur Springs. "Land" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of $587,185 it is 113 % 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 $100 / sq.feet followed by "Land" priced at $240 / sq.feet. "Farm" is the most costly type of property with a $395 / sq.feet cost followed by "Land" with an average price of $240 / sq.feet.