Property prices for sale in Dandridge (Tennessee)
The prices in real estate in Dandridge, in the Tennessee region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Dandridge has increased strongly during the last 6 months. In October, the average price per sq.feet was $867. In the following month the price per sq.feet increased considerably to $1,099. In the following two months the price per sq.feet has increased 107 %, going from $983 to $1,051.5 per sq.feet. The price per sq.feet has had a considerable increase of 139 % 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 $1,017.25 to $1,413 during February, and March.
Based upon to the price in Dandridge (cities), this has fallen considerably in the last 6 months. The average price for October is $568,187. During November the price had a considerable reduction till $460,514. In the following two months the average price has remained the same with regard to the previous two months from $514,350.5 to $496,578. During the last two months the average price has had a strong fall compared to the previous four going from $505,464.25 to $396,653.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $379,001 they are 31 % more expensive than the average price for Dandridge. Following this ranking we find those properties with 2 at an average price of $504,464. The properties with the highest average price have 1 bedroom, Their price is 57 % more costly than the average. After that we have properties with 4 bedrooms priced at $545,147.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $937 / sq.feet, with an average $1,626 / sq.feet price in Dandridge. The properties with the highest average prices have 1 bedroom. They are 118 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,256 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $379,001 it is 53 % cheaper than the average price in Dandridge. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $709,900 it is 115 % 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 $583 / sq.feet followed by "House" priced at $2,091 / sq.feet. "Commercial" is the most costly type of property with a $7,694 / sq.feet cost followed by "Land" with an average price of $2,534 / sq.feet.
