The prices in real estate in Tierra Amarilla, in the New Mexico 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 Tierra Amarilla has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,588. In the following month the price per sq.feet decreased considerably to $1,050. The price for the following two months in (December, January) had a considerable increment of 181 %. The price per sq.feet has increased 108 % 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 $1,855 to $2,000 during February, and March.
Based upon to the price in Tierra Amarilla (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $1,148,845. During November the price went through a considerable rise reaching $2,186,606. During the following two months (December, January) the average price had a considerable reduction of 24 % 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 $1,036,425.25 to $405,566.5, which means a 39 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 21 % cheaper than the average price of $156,556 in Tierra Amarilla. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 21 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 88 % cheaper than the average price of ($163 / sq.feet) in Tierra Amarilla. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 88 % cheaper than the average value aforementioned.