The prices in real estate in Vidor, 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 Vidor has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $1,486. In the following month the price per sq.feet increased considerably to $1,745. The price for the following two months in (October, November) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 11 % 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 $857.25 to $94 during December, and January.
Based upon to the price in Vidor (cities), this has fallen considerably in the last 6 months. The price in August is $2,467,475, rising in September till $2,724,845. During the following two months (October, November) the average price had a considerable reduction of 7 % 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 $1,382,666.25 to $164,424.5, which means a 12 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $163,235 they are 4 % more affordable than the average price for Vidor. The properties with the lowest average price have 2 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 4 bedrooms priced at $159,830.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $69 / sq.feet, with an average $94 / sq.feet price in Vidor. The properties with the lowest average prices have 2 bedrooms. They are 21 % cheaper than the average followed by properties with 1 bedroom with a price at $71 / sq.feet.
With regard to the average price based upon the property in Vidor we can see that the cheapest property type is "House" at a price of $159,830, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % more affordable 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 $69 / sq.feet. "House" with an average cost of $69 / sq.feet has the lowest price and would be directed at less affluent cities.