The prices in real estate in Crossville, in the Tennessee 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 Crossville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,416. In the following month the price per sq.feet decreased considerably to $1,140. The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has increased 115 % 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 $968 to $1,112 during February, and March.
Based upon to the price in Crossville (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $383,794. In November This price remains at $381,290. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $365,516.5 to $302,389, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $300,842 they are 62 % more affordable than the average price for Crossville. The properties with the highest average price have 4 bedrooms, Their price is 98 % more costly than the average. After that we have properties with 3 bedrooms priced at $418,504.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $218 / sq.feet, with an average $1,356 / sq.feet price in Crossville. The properties with the highest average prices have 2 bedrooms. They are 113 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,117 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $300,842 it is 85 % cheaper than the average price in Crossville. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $412,008 it is 121 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $190 / sq.feet followed by "Condo" priced at $211 / sq.feet. "House" is the most costly type of property with a $2,038 / sq.feet cost followed by "Land" with an average price of $524 / sq.feet.