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 July, the average price per sq.feet was $135. In August this price pretty much remained the same at a value of $135 per sq.feet. The price for the following two months in (September, October) had a considerable increment of 131 %. The price per sq.feet has increased 114 % 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 $155.75 to $178 during November, and December.
Based upon to the price in Nashville (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $233,878. In August This price remains at $231,162. During the following two months (September, October) the average price had a considerable increase of 157 % 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 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $426,525 they are 52 % more affordable than the average price for Nashville. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $276,255.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $145 / sq.feet, with an average $180 / sq.feet price in Nashville. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $183 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of $426,525 it is 16 % cheaper than the average price in Nashville. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condominium". At a price of $358,721 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $175 / sq.feet followed by "Condominium" priced at $262 / sq.feet. "Condominium" is the most costly type of property with a $262 / sq.feet cost followed by "House" with an average price of $175 / sq.feet.