The prices in real estate in Blue Ridge, in the Georgia 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 Blue Ridge has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $1,167. In the following month the price per sq.feet decreased considerably to $270. The price for the following two months in (November, December) had a considerable decrease of 32 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 $472.5 to $234 during January, and February.
Based upon to the price in Blue Ridge (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $363,500. During October the price went through a considerable rise reaching $481,592. During the following two months (November, December) the price has had an average incrementation from $422,546 to $482,934. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 $632,228 they are 75 % more affordable than the average price for Blue Ridge. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $481,297.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $131 / sq.feet, with an average $244 / sq.feet price in Blue Ridge. The properties with the highest average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $215 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $632,228 it is 79 % cheaper than the average price in Blue Ridge. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Cabin". At a price of $425,963 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $132 / sq.feet followed by "House" priced at $219 / sq.feet. "Cabin" is the most costly type of property with a $3,188 / sq.feet cost followed by "Land" with an average price of $391 / sq.feet.