The prices in real estate in Atlanta, in the Georgia 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 Atlanta has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $898. In the following month the price per sq.feet decreased to $804. The price for the following two months in (September, October) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $547.75 to $239.5 during November, and December.
Based upon to the price in Atlanta (cities), these have remained the same in the last 6 months. The price in July is $480,148, rising in August till $550,171. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. 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 $489,600.25 and $511,900 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $523,510 they are 56 % more affordable than the average price for Atlanta. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $435,721.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $246 / sq.feet price in Atlanta. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $523,510 it is 29 % cheaper than the average price in Atlanta. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $1,107,250 it is 576 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $199 / sq.feet followed by "House" priced at $213 / sq.feet. "Land" is the most costly type of property with a $9,942 / sq.feet cost followed by "Detached House" with an average price of $402 / sq.feet.