The prices in real estate in Van Buren, in the Arkansas region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Van Buren has increased during the last 6 months. In January, the average price per sq.feet was $864. In the following month the price per sq.feet decreased to $792. In the following two months the price per sq.feet has increased 113 %, going from $828 to $937 per sq.feet. The price per sq.feet has increased 106 % 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 $882.5 to $936.5 during May, and June.
Based upon to the price in Van Buren (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $119,611. In February This price remains at $119,836. During the following two months (March, April) the price has had an average incrementation from $119,723.5 to $126,686.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $123,205 and $121,006.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $134,556 they are 17 % more affordable than the average price for Van Buren. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $112,077.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $35 / sq.feet, with an average $783 / sq.feet price in Van Buren. The properties with the lowest average prices have 4 bedrooms. They are 64 % cheaper than the average followed by properties with 1 bedroom with a price at $35 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $134,556 it is 40 % cheaper than the average price in Van Buren. "Commercial" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $142,997 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $25 / sq.feet followed by "Commercial" priced at $276 / sq.feet. "Apartment" is the cheapest type of property with a $281 / sq.feet value followed by "Commercial" with an average price of $276 / sq.feet.