The average price in the Nevada region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Nevada has increased strongly in the last 6 months. During January, the average price per sq.feet was $219. In February the price pretty much stayed the same at $220 per sq.feet. In the following two months (March, April) the price per sq.feet has risen strongly to a 117 %. In the last two months, the price per sq.feet has increased 115 %. This has been obtained by comparing the price $238 for the first four months of the sample with regard to the previous 4 months and the price $273 per sq.feet for the last two months (May, June).
Based upon to the price in Nevada(region), this has increased in the last 6 months. January has an average price of $456,674. During February the price had a slight deflation till $414,988. The price in the following months (March, April) had a strong increment of 117 % going from $435,831 to $510,736. During the last two months the price has had a considerable increase of 122 % with respect to the previous four months going from $473,283.5 a $577,847.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 59 % more affordable than the average price in Nevada followed by those with 2 with an average price of $283,052. The most costly properties have 4 bedrooms. They are 13 % more expensive than the average followed by those properties with 3 bedrooms priced at $429,535.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $229 / sq.feet being $282 / sq.feet the average value within the Nevada region. The properties with the most expensive average price are those with 1 bedroom. These are 9 % more costly than the average followed by those with 3 bedrooms with a price of $254 / sq.feet.
The graph displaying the average price according to the property type shows "Detached House" as the cheapest one. With an average cost of $600,113 it is 40 % more affordable than the average in Nevada. This is followed by "Land" with a price of $679,165. The dearest property type is "Condo" and is 1781 % more expensive than the average, followed by "Townhouse" with a cost of $1,600,300.
Based on the average cost per sq.feet the cheapest property type is "Detached House with a an average cost of $169 / sq.feet, followed by "House" with a price of $364 / sq.feet. "Land" with an average price of $48,114 / sq.feet is the most costly type of property followed by "Condo" at a price of $10,655 / sq.feet.