The prices in real estate in Blue Ridge, in the Georgia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Blue Ridge has fallen in the last 6 months. In November, the average price per sq.feet was $2,062. In the following month the price per sq.feet decreased considerably to $1,604. In the following two months the price per sq.feet has barely changed, going from $1,833 to $1,759.5 per sq.feet. The price per sq.feet has increased 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,796.25 to $1,892 during March, and April.
Based upon to the price in Blue Ridge (cities), these have remained the same in the last 6 months. The average price for November is $931,553. During December the price had a slight fall till $836,681. In the following two months the average price has remained the same with regard to the previous two months from $884,117 to $866,025.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $923,218 they are 46 % more affordable than the average price for Blue Ridge. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $820,559.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $584 / sq.feet, with an average $1,231 / sq.feet price in Blue Ridge. The properties with the highest average prices have 3 bedrooms. They are 62 % more expensive than the average followed by properties with 1 bedroom with a price at $1,992 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $923,218 it is 80 % cheaper than the average price in Blue Ridge. "Land" is seen as the second most affordable property type. The dearest property type is "Cabin" followed by "House". At a price of $920,923 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $267 / sq.feet followed by "Commercial" priced at $548 / sq.feet. "Land" is the most costly type of property with a $14,446 / sq.feet cost followed by "Cabin" with an average price of $7,464 / sq.feet.