The average price in the Arkansas region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Arkansas has risen considerably in the last 6 months. During April, the average price per sq.feet was $1,480. The following month (May) the price increased to $1,601 per sq.feet. The following two months (June, July) went through a considerable deflation of 62 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 13 %. This has been obtained by comparing the price of $1,250.5 for the first four months of the sample with regard to the previous 4 months and the price of $166.5 per sq.feet for the last two months (August, September).
Based upon to the price in Arkansas(region), these have remained the same in the last 6 months. April has an average price of $244,705. During May the price had a slight deflation till $223,767. The average price for the following two months (June, July) increased from $234,236 to $249,742.5. During the last two months the average price has remained stagnant and has gone from $241,989.25 to $230,408.5 during August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 51 % more affordable than the average price in Arkansas followed by those with 2 with an average price of $181,060. The most costly properties have 4 bedrooms. They are 64 % more expensive than the average followed by those properties with 3 bedrooms priced at $213,699.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $108 / sq.feet being $111 / sq.feet the average value within the Arkansas region. The properties with the most expensive average price are those with 4 bedrooms. These are 498 % more costly than the average followed by those with 3 bedrooms with a price of $133 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $235,965 it is 47 % more affordable than the average in Arkansas. This is followed by "Villa" with a price of $155,899. The dearest property type is "Farm" and is 213 % more expensive than the average, followed by "House" with a cost of $248,627.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $108 / sq.feet, followed by "Duplex" with a price of $145 / sq.feet. "Villa" with an average price of $665 / sq.feet is the most costly type of property followed by "Farm" at a price of $305 / sq.feet.