The prices in real estate in Tularosa, 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 Tularosa has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $179. In the following month the price per sq.feet decreased to $156. The price for the following two months in (December, January) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $134 to $96.5 during February, and March.
Based upon to the price in Tularosa (cities), this has fallen considerably in the last 6 months. The average price for October is $348,667. During November the price had a considerable reduction till $284,400. During the following two months (December, January) the average price had a considerable reduction of 54 % 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 $243,463.75 to $169,498, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $167,258 they are 5 % more affordable than the average price for Tularosa. The properties with the highest average price have 1 bedroom, Their price is 89 % more costly than the average. After that we have properties with 2 bedrooms priced at $158,157.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $98 / sq.feet price in Tularosa. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $77 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $167,258 it is 5 % cheaper than the average price in Tularosa. "Villa" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $158,157 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $74 / sq.feet followed by "House" priced at $77 / sq.feet. "House" is the cheapest type of property with a $77 / sq.feet value followed by "Villa" with an average price of $74 / sq.feet.