The prices in real estate in Black Mountain, 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 Black Mountain has increased strongly during the last 6 months. In October, the average price per sq.feet was $168. In the following month the price per sq.feet increased considerably to $202. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per sq.feet has had a considerable increase of 292 % 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 $202.75 to $592.5 during February, and March.
Based upon to the price in Black Mountain (cities), this has gone up considerably in the last 6 months. The price in October is $356,164, rising in November till $403,119. During the following two months (December, January) the average price had a considerable increase of 129 % 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 gone up 106 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 12 % cheaper than the average price of $394,984 in Black Mountain. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 12 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 47 % cheaper than the average price of ($178 / sq.feet) in Black Mountain. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 47 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $448,672 it is 48 % cheaper than the average price in Black Mountain. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $423,541 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $124 / sq.feet followed by "Duplex" priced at $130 / sq.feet. "Townhouse" is the most costly type of property with a $391 / sq.feet cost followed by "House" with an average price of $178 / sq.feet.