The average price in the North Carolina region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in North Carolina has increased strongly in the last 6 months. During October, the average price per sq.feet was $336. The following month (November) the price had a considerable deflation reaching $271 per sq.feet. The following two months (December, January) there has been a deflation of 87 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant increase of 332 %. This has been obtained by comparing the price of $284 for the first four months of the sample with regard to the previous 4 months and the price of $942.5 per sq.feet for the last two months (February, March).
Based upon to the price in North Carolina(region), these have remained the same in the last 6 months. October has an average price of $467,350. During November the price had a slight deflation till $434,583. In the following two months the average price didn't change much compared to the previous two going from $450,966.5 to $442,382.5. During the last two months the price has risen 107 % compared to the previous average values going from $446,674.5 a $476,298.5 in February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 43 % more affordable than the average price in North Carolina followed by those with 2 with an average price of $359,532. The most costly properties have 4 bedrooms. They are 13 % more expensive than the average followed by those properties with 3 bedrooms priced at $386,199.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $454 / sq.feet being $1,551 / sq.feet the average value within the North Carolina region. The properties with the most expensive average price are those with 4 bedrooms. These are 17 % more costly than the average followed by those with 3 bedrooms with a price of $994 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $497,924 it is 80 % more affordable than the average in North Carolina. This is followed by "Townhouse" with a price of $370,632. The dearest property type is "Apartment" and is 12 % more expensive than the average, followed by "House" with a cost of $553,865.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $198 / sq.feet, followed by "Apartment" with a price of $265 / sq.feet. "House" with an average price of $1,553 / sq.feet is the most costly type of property followed by "Commercial" at a price of $1,195 / sq.feet.