The average price in the New Mexico 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 New Mexico has increased strongly in the last 6 months. During October, the average price per sq.feet was $136. The following month the price decreased to $122 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $129 to $132.5 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 163 %. This has been obtained by comparing the price of $130.75 for the first four months of the sample with regard to the previous 4 months and the price of $212.5 per sq.feet for the last two months (February, March).
Based upon to the price in New Mexico (region), this has decreased in the last 6 months. October has an average price of $294,679. During November the price had a strong deflation till $242,883. In the following two months the average price didn't change much compared to the previous two going from $268,781 to $282,076. During the last two months the average price has remained stagnant and has gone from $275,428.5 to $270,742 during February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 35 % more affordable than the average price in New Mexico followed by those with 2 with an average price of $201,823. The most costly properties have 4 bedrooms. They are 21 % more expensive than the average followed by those properties with 3 bedrooms priced at $218,522.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $152 / sq.feet being $187 / sq.feet the average value within the New Mexico region. The properties with the most expensive average price are those with 1 bedroom. These are 17 % more costly than the average followed by those with 4 bedrooms with a price of $159 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $271,935 it is 93 % more affordable than the average in New Mexico. This is followed by "Townhouse" with a price of $259,084. The dearest property type is "Commercial" and is 113 % more expensive than the average, followed by "House" with a cost of $339,788.
Based on the average cost per sq.feet the cheapest property type is "Land with a an average cost of $2 / sq.feet, followed by "Townhouse" with a price of $117 / sq.feet. "Commercial" with an average price of $2,443 / sq.feet is the most costly type of property followed by "House" at a price of $615 / sq.feet.