The prices in real estate in Canton, in the Georgia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Canton has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,278. In the following month the price per sq.feet decreased considerably to $1,249. The price for the following two months in (December, January) had a considerable decrease of 74 with regard to the prior two months. The price per sq.feet has had a considerable increase of 130 % 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 $1,535.75 to $1,999.5 during February, and March.
Based upon to the price in Canton (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $637,513. In November This price remains at $628,198. In the following two months the average price has remained the same with regard to the previous two months from $632,855.5 to $603,832. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $618,343.75 and $635,225 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $666,114 they are 60 % more affordable than the average price for Canton. The properties with the lowest average price have 4 bedrooms, Their price is 37 % cheaper than the average. After that we have properties with 3 bedrooms priced at $360,402.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $2,520 / sq.feet price in Canton. The properties with the lowest average prices have 1 bedroom. They are 75 % cheaper than the average followed by properties with 2 bedrooms with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $666,114 it is 44 % cheaper than the average price in Canton. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $458,077 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $155 / sq.feet followed by "House" priced at $157 / sq.feet. "Apartment" is the most costly type of property with a $30,068 / sq.feet cost followed by "Condo" with an average price of $3,615 / sq.feet.