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 May, the average price per sq.feet was $1,640. The following month (June) the price had a considerable increase reaching $1,949 per sq.feet. The following two months (July, August) went through a considerable deflation of 29 % 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 8 %. This has been obtained by comparing the price of $1,161.5 for the first four months of the sample with regard to the previous 4 months and the price of $94.5 per sq.feet for the last two months (September, October).
Based upon to the price in Arkansas(region), these have remained the same in the last 6 months. The average price in May is $188,987. In June the price increased to $207,843. The average price for the following two months (July, August) decreased 91 % compared to the prior two. During the last two months the price has risen 105 % compared to the previous average values going from $189,407.5 a $199,483 in September and October.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 18 % more affordable than the average price in Arkansas followed by those with 3 with an average price of $171,076. The most costly properties have 4 bedrooms. They are 74 % more expensive than the average followed by those properties with 1 bedroom priced at $199,810.
Based on the average price per sq.feet those properties with 3 bedrooms are the dearest ones with a price of $96 / sq.feet being $86 / sq.feet the average value within the Arkansas region. The properties with the most expensive average price are those with 1 bedroom. These are 156 % more costly than the average followed by those with 4 bedrooms with a price of $118 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $181,928 it is 67 % more affordable than the average in Arkansas. This is followed by "Office" with a price of $155,275. The dearest property type is "Commercial" and is 202 % more expensive than the average, followed by "Apartment" with a cost of $295,087.
Based on the average cost per sq.feet the most costly property type is "House with a an average price of $91 / sq.feet, followed by "Land" with a price of $101 / sq.feet. "Office" with an average price of $661 / sq.feet is the most costly type of property followed by "Commercial" at a price of $207 / sq.feet.