The prices in real estate in Blue Ridge, in the Georgia 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 Blue Ridge has increased strongly during the last 6 months. In March, the average price per sq.feet was $1,190. In the following month the price per sq.feet increased considerably to $1,637. The price for the following two months in (May, June) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable increase of 135 % 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 $1,274.75 to $1,716.5 during July, and August.
Based upon to the price in Blue Ridge (cities), these have remained the same in the last 6 months. The average price for March is $348,858. During April the price had a slight fall till $321,131. During the following two months (May, June) the average price fell 91 % 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 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $402,697 they are 65 % more affordable than the average price for Blue Ridge. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $429,526.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $830 / sq.feet, with an average $1,822 / sq.feet price in Blue Ridge. The properties with the highest average prices have 4 bedrooms. They are 93 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,489 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $402,697 it is 73 % cheaper than the average price in Blue Ridge. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Cabin". At a price of $428,531 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $138 / sq.feet followed by "Land" priced at $397 / sq.feet. "Cabin" is the most costly type of property with a $3,212 / sq.feet cost followed by "House" with an average price of $2,260 / sq.feet.