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 August, the average price per sq.feet was $171. In September this price pretty much remained the same at a value of $177 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $174 to $183.5 per sq.feet. The price per sq.feet has had a considerable increase of 186 % 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 $178.75 to $333 during December, and January.
Based upon to the price in Blue Ridge (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $420,516. In September This price remains at $436,430. During the following two months (October, November) the price has had an average incrementation from $428,473 to $454,413.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $441,443.25 to $415,149 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $360,471 they are 52 % more affordable than the average price for Blue Ridge. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $428,259.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $485 / sq.feet, with an average $489 / sq.feet price in Blue Ridge. The properties with the highest average prices have 1 bedroom. They are 165 % more expensive than the average followed by properties with 3 bedrooms with a price at $963 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most costly one. At an cost of $360,471 it is 16 % more expensive than the average price in Blue Ridge. "House" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $513,824 it is 86 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $145 / sq.feet followed by "House" priced at $1,497 / sq.feet. "Commercial" is the most costly type of property with a $3,595 / sq.feet cost followed by "House" with an average price of $1,497 / sq.feet.