Property prices for sale in Blowing Rock (North Carolina)
The prices in real estate in Blowing Rock, in the North Carolina 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 Blowing Rock has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $26,432. In the following month the price per sq.feet decreased considerably to $1,453. The price for the following two months in (May, June) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $12,259.5 to $6,086.5 during July, and August.
Based upon to the price in Blowing Rock (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $702,614. During April the price went through a considerable rise reaching $967,411. During the following two months (May, June) the price has had an average incrementation from $835,012.5 to $919,468. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $947,390 they are 47 % more affordable than the average price for Blowing Rock. The properties with the highest average price have 4 bedrooms, Their price is 101 % more costly than the average. After that we have properties with 3 bedrooms priced at $903,647.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $359 / sq.feet, with an average $8,493 / sq.feet price in Blowing Rock. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $433 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $947,390 it is 80 % cheaper than the average price in Blowing Rock. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $709,490 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $391 / sq.feet followed by "Condo" priced at $487 / sq.feet. "Land" is the most costly type of property with a $146,826 / sq.feet cost followed by "Condo" with an average price of $487 / sq.feet.
