The prices in real estate in Tucumcari, 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 Tucumcari has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $113. In November this price pretty much remained the same at a value of $113 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $82.5 to $60 during February, and March.
Based upon to the price in Tucumcari (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $178,544. In November This price remains at $178,544. During the following two months (December, January) the average price had a considerable reduction of 49 % 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 $133,449.25 to $110,084.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $220,169 they are 61 % more affordable than the average price for Tucumcari. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $243,088.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $76 / sq.feet, with an average $120 / sq.feet price in Tucumcari. The properties with the highest average prices have 4 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $124 / sq.feet.
With regard to the average price based upon the property in Tucumcari we can see that most expensive property type is "House" at a price of $227,767, they are 3 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 3 % more expensive 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.