The prices in real estate in Nashville, 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 Nashville has increased strongly during the last 6 months. In August, the average price per sq.feet was $135. In the following month the price per sq.feet increased to $145. The price for the following two months in (October, November) had a considerable increment of 137 %. The price per sq.feet has increased 106 % 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 $166 to $176 during December, and January.
Based upon to the price in Nashville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $231,162. During September the price went through a considerable rise reaching $275,192. During the following two months (October, November) the average price had a considerable increase of 164 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % 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 $421,052 they are 59 % more affordable than the average price for Nashville. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 1 bedroom priced at $268,685.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $172 / sq.feet price in Nashville. The properties with the highest average prices have 1 bedroom. They are 84 % more expensive than the average followed by properties with 2 bedrooms with a price at $149 / sq.feet.
With regard to the average price based upon the property in Nashville we can see that most expensive property type is "House" at a price of $454,782, they are 8 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 8 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $171 / sq.feet. "House" with an average cost of $171 / sq.feet has the lowest price and would be directed at less affluent cities.