The prices in real estate in West Memphis, in the Arkansas region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in West Memphis has increased strongly during the last 6 months. In April, the average price per sq.feet was $87. In the following month the price per sq.feet increased considerably to $324. The price for the following two months in (June, July) had a considerable decrease of 32 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 43 % 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 $135.5 to $58 during August, and September.
Based upon to the price in West Memphis (cities), this has gone downing the last 6 months. The average price during our first sample month during April, is $150,955. During May the price went through a considerable rise reaching $187,533. During the following two months (June, July) the average price fell 94 % 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 $164,582 to $86,382, which means a 52 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 19 % cheaper than the average price of $83,626 in West Memphis. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 19 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 423 % more costly than the average price of ($345 / sq.feet) in West Memphis. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 423 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $102,847 it is 84 % cheaper than the average price in West Memphis. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "". At a price of $16,339 it is 19 % more affordable than the average price.
According to the average area price by sq.feet the most costly property type is "House with an average price of $345 / sq.feet. "House" at an average price of $345 / sq.feet has the most expensive price and would be directed at more affluent cities.