Property prices for sale in Loudon (Tennessee)
The prices in real estate in Loudon, 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 Loudon has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,472. In the following month the price per sq.feet decreased considerably to $3,797. The price for the following two months in (December, January) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable increase of 142 % 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 $3,023 to $4,300.5 during February, and March.
Based upon to the price in Loudon (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $559,444. In November This price remains at $536,398. In the following two months the average price has remained the same with regard to the previous two months from $547,921 to $542,618. 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 $545,269.5 and $547,728.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $500,612 they are 44 % more affordable than the average price for Loudon. The properties with the highest average price have 1 bedroom, Their price is 62 % more costly than the average. After that we have properties with 4 bedrooms priced at $774,265.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $967 / sq.feet, with an average $5,240 / sq.feet price in Loudon. The properties with the highest average prices have 3 bedrooms. They are 57 % more expensive than the average followed by properties with 4 bedrooms with a price at $7,150 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $500,612 it is 73 % cheaper than the average price in Loudon. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $574,633 it is 21 % 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 $915 / sq.feet followed by "House" priced at $5,952 / sq.feet. "Land" is the most costly type of property with a $9,625 / sq.feet cost followed by "House" with an average price of $5,952 / sq.feet.
