The prices in real estate in Arden, in the North Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Arden has fallen in the last 6 months. In October, the average price per sq.feet was $262. In November this price pretty much remained the same at a value of $261 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $261.5 to $249 per sq.feet. The price per sq.feet has decreased 92 % 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 $255.25 to $236 during February, and March.
Based upon to the price in Arden (cities), this has fallen considerably in the last 6 months. The average price for October is $1,137,031. During November the price had a slight fall till $1,061,991. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,070,164.75 to $794,260.5, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $827,040 they are 70 % more affordable than the average price for Arden. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $341,592.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $164 / sq.feet, with an average $249 / sq.feet price in Arden. The properties with the highest average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 4 bedrooms with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $827,040 it is 65 % cheaper than the average price in Arden. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Duplex". At a price of $458,888 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $151 / sq.feet followed by "Apartment" priced at $166 / sq.feet. "House" is the cheapest type of property with a $199 / sq.feet value followed by "Condo" with an average price of $181 / sq.feet.