The prices in real estate in Trinity, in the Texas 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 Trinity has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,413. In the following month the price per sq.feet decreased considerably to $892. The price for the following two months in (January, February) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $897.75 to $125.5 during March, and April.
Based upon to the price in Trinity (cities), this has fallen considerably in the last 6 months. The average price for November is $565,243. During December the price had a considerable reduction till $427,172. During the following two months (January, February) the average price had a considerable reduction of 45 % 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 $360,503 to $205,312, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $189,774 they are 51 % more affordable than the average price for Trinity. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $246,766.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $79 / sq.feet, with an average $119 / sq.feet price in Trinity. The properties with the highest average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 4 bedrooms with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $189,774 it is 93 % cheaper than the average price in Trinity. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $175,812 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $12 / sq.feet followed by "Commercial Property" priced at $50 / sq.feet. "House" is the most costly type of property with a $131 / sq.feet cost followed by "Commercial Property" with an average price of $50 / sq.feet.