The prices in real estate in Tijeras, in the New Mexico region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Tijeras has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $228. In the following month the price per sq.feet decreased considerably to $164. In the following two months the price per sq.feet has barely changed, going from $196 to $189 per sq.feet. The price per sq.feet has had a considerable deflation of 75 % 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 $192.5 to $144.5 during August, and September.
Based upon to the price in Tijeras (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $375,738. During May the price went through a considerable rise reaching $435,359. In the following two months the average price has remained the same with regard to the previous two months from $405,548.5 to $401,365.5. During the last two months the average price has had a strong fall compared to the previous four going from $403,457 to $341,827, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,268 they are 72 % more affordable than the average price for Tijeras. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $341,439.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $90 / sq.feet, with an average $149 / sq.feet price in Tijeras. The properties with the lowest average prices have 4 bedrooms. They are 4 % cheaper than the average followed by properties with 2 bedrooms with a price at $139 / sq.feet.
With regard to the average price based upon the property in Tijeras we can see that the cheapest property type is "House" at a price of $257,084, they are 26 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 26 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $115 / sq.feet. "House" with an average cost of $115 / sq.feet has the lowest price and would be directed at less affluent cities.