The average price in the Texas 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 Texas has increased strongly in the last 6 months. During April, the average price per sq.feet was $203. The following month (May) the price had a considerable increase reaching $347 per sq.feet. The following two months (June, July) went through a considerable deflation of 83 % 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 78 %. This has been obtained by comparing the price of $251.5 for the first four months of the sample with regard to the previous 4 months and the price of $196.5 per sq.feet for the last two months (August, September).
Based upon to the price in Texas(region), these have remained the same in the last 6 months. In the first month sample April the average price is $427,539. In May the price was the same at $438,557. In the following two months the average price didn't change much compared to the previous two going from $433,048 to $429,765.5. During the last two months the price has reduced 92 % compared to the previous average values going from $431,406.75 a $396,288 in August and September.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 40 % more affordable than the average price in Texas followed by those with 3 with an average price of $287,118. The most costly properties have 1 bedroom. They are 4 % more expensive than the average followed by those properties with 4 bedrooms priced at $382,168.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $198 / sq.feet being $225 / sq.feet the average value within the Texas region. The properties with the most expensive average price are those with 4 bedrooms. These are 60 % more costly than the average followed by those with 1 bedroom with a price of $229 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $401,523 it is 57 % more affordable than the average in Texas. This is followed by "Townhouse" with a price of $364,905. The dearest property type is "Apartment" and is 174 % more expensive than the average, followed by "Commercial" with a cost of $730,163.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $171 / sq.feet, followed by "Townhouse" with a price of $194 / sq.feet. "Land" with an average price of $912 / sq.feet is the most costly type of property followed by "Apartment" at a price of $449 / sq.feet.