The average price in the New Mexico region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in New Mexico has increased in the last 6 months. During November, the average price per sq.feet was $154. The following month (December) the price increased to $162 per sq.feet. The following two months (January, February) there has been a deflation of 91 % 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 increase of 122 %. This has been obtained by comparing the price of $150.5 for the first four months of the sample with regard to the previous 4 months and the price of $183 per sq.feet for the last two months (March, April).
Based upon to the price in New Mexico (region), this has decreased in the last 6 months. In the first month sample November the average price is $405,825. In December the price was the same at $401,759. In the following two months the average price has decreased 84 % compared to the previous two. During the last two months the price has risen 109 % compared to the previous average values going from $371,217 a $405,638.5 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 46 % more affordable than the average price in New Mexico followed by those with 1 with an average price of $271,576. The cheapest properties have 4 bedrooms. They are 10 % cheaper than the average followed by those properties with 3 bedrooms priced at $317,698.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $157 / sq.feet being $200 / 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 44 % more costly than the average followed by those with 2 bedrooms with a price of $192 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $468,981 it is 74 % more affordable than the average in New Mexico. This is followed by "Townhouse" with a price of $371,516. The dearest property type is "Condo" and is 90 % more expensive than the average, followed by "House" with a cost of $884,251.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $110 / sq.feet, followed by "Commercial" with a price of $111 / sq.feet. "Land" with an average price of $23,456 / sq.feet is the most costly type of property followed by "Condo" at a price of $447 / sq.feet.