The average price in the New Mexico region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in New Mexico has remained stagnant in the last 6 months. During December, the average price per sq.feet was $140. The following month the price decreased to $131 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $135.5 to $129.5 per sq.feet. In the last two months, the price per sq.feet has increased 106 %. This has been obtained by comparing the price $132.5 for the first four months of the sample with regard to the previous 4 months and the price $140.5 per sq.feet for the last two months (April, May).
Based upon to the price in New Mexico(region), these have remained the same in the last 6 months. In the first month sample December the average price is $270,047. In January the price was the same at $265,123. In the following two months the average price didn't change much compared to the previous two going from $267,585 to $274,293. During the last two months the price has risen 110 % compared to the previous average values going from $270,939 a $296,723.5 in April and May.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 48 % more affordable than the average price in New Mexico followed by those with 2 with an average price of $180,525. The most costly properties have 4 bedrooms. They are 13 % more expensive than the average followed by those properties with 3 bedrooms priced at $252,283.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $129 / sq.feet being $139 / 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 71 % more costly than the average followed by those with 2 bedrooms with a price of $149 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $281,799 it is 47 % more affordable than the average in New Mexico. This is followed by "Condo" with a price of $250,696. The dearest property type is "Commercial" and is 47 % more expensive than the average, followed by "House" with a cost of $343,497.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $127 / sq.feet, followed by "House" with a price of $142 / sq.feet. "Condo" with an average price of $1,404 / sq.feet is the most costly type of property followed by "Commercial" at a price of $1,054 / sq.feet.