The prices in real estate in Black Mountain, in the North Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Black Mountain has increased during the last 6 months. In February, the average price per sq.feet was $199. In March this price pretty much remained the same at a value of $198 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $198.5 to $195.5 per sq.feet. The price per sq.feet has had a considerable increase of 118 % 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 $197 to $232.5 during June, and July.
Based upon to the price in Black Mountain (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $368,471. In March This price remains at $373,175. During the following two months (April, May) the average price had a considerable increase of 175 % 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 risen strongly 182 % 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 48 % cheaper than the average price of $398,162 in Black Mountain. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 48 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 10 % cheaper than the average price of ($186 / 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 10 % 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 $768,250 it is 69 % 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 $426,948 it is 44 % 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 $132 / sq.feet followed by "Duplex" priced at $138 / sq.feet. "Townhouse" is the most costly type of property with a $399 / sq.feet cost followed by "House" with an average price of $186 / sq.feet.