The prices in real estate in Texarkana, in the Arkansas 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 Texarkana has remained the same in the last 6 months. In April, the average price per sq.feet was $97. In May this price pretty much remained the same at a value of $99 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $98 to $95 per sq.feet. The price per sq.feet has decreased 95 % 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 $96.5 to $91.5 during August, and September.
Based upon to the price in Texarkana (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $346,550. During May the price went through a considerable rise reaching $547,544. During the following two months (June, July) the average price fell 88 % 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 $420,858.75 to $242,086.5, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $241,981 they are 57 % more affordable than the average price for Texarkana. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $249,576.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $91 / sq.feet price in Texarkana. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $241,981 it is 80 % cheaper than the average price in Texarkana. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $48,152 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $17 / sq.feet followed by "House" priced at $91 / sq.feet. "House" is the cheapest type of property with a $91 / sq.feet value followed by "Condo" with an average price of $17 / sq.feet.