Property prices for sale in Banner Elk (North Carolina)
The prices in real estate in Banner Elk, in the North Carolina 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 Banner Elk has increased strongly during the last 6 months. In October, the average price per sq.feet was $2,530. In the following month the price per sq.feet increased to $2,762. In the following two months the price per sq.feet has increased 107 %, going from $2,646 to $2,840 per sq.feet. The price per sq.feet has had a considerable increase of 219 % 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 $2,743 to $6,007 during February, and March.
Based upon to the price in Banner Elk (cities), this has gone downing the last 6 months. The average price for October is $906,009. During November the price had a considerable reduction till $666,879. During the following two months (December, January) the price has had an average incrementation from $786,444 to $861,886. 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 $824,165 and $826,426.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $755,311 they are 55 % more affordable than the average price for Banner Elk. The properties with the highest average price have 4 bedrooms, Their price is 170 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,289,388.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $389 / sq.feet, with an average $4,129 / sq.feet price in Banner Elk. The properties with the lowest average prices have 4 bedrooms. They are 42 % cheaper than the average followed by properties with 3 bedrooms with a price at $771 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $755,311 it is 68 % cheaper than the average price in Banner Elk. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $508,333 it is 102 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $378 / sq.feet followed by "Townhouse" priced at $388 / sq.feet. "Land" is the most costly type of property with a $41,166 / sq.feet cost followed by "House" with an average price of $1,833 / sq.feet.
