The prices in real estate in Troup, 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 Troup has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $190. In the following month the price per sq.feet decreased considerably to $153. The price for the following two months in (July, August) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $151 to $100.5 during September, and October.
Based upon to the price in Troup (cities), this has fallen considerably in the last 6 months. The average price for May is $444,283. During June the price had a considerable reduction till $276,467. During the following two months (July, August) the average price had a considerable reduction of 76 % 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 $317,730.5 to $239,457, which means a 75 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 2 % more costly than the average price of $298,888 in Troup. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 2 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % cheaper than the average price of ($114 / sq.feet) in Troup. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $293,614 it is 6 % cheaper than the average price in Troup. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $277,413 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $94 / sq.feet followed by "House" priced at $114 / sq.feet. "House" is the cheapest type of property with a $114 / sq.feet value followed by "Office" with an average price of $94 / sq.feet.