The prices in real estate in Brevard, in the North Carolina 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 Brevard has increased strongly during the last 6 months. In April, the average price per sq.feet was $187. In the following month the price per sq.feet increased considerably to $270. The price for the following two months in (June, July) had a considerable increment of 116 %. The price per sq.feet has had a considerable deflation of 75 % 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 $247 to $185.5 during August, and September.
Based upon to the price in Brevard (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $485,335. During May the price went through a considerable rise reaching $1,253,317. During the following two months (June, July) the average price had a considerable increase of 122 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $966,077.5 to $472,262.5, which means a 49 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $425,145 they are 30 % more affordable than the average price for Brevard. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 1 bedroom priced at $357,748.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $155 / sq.feet, with an average $180 / sq.feet price in Brevard. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 3 bedrooms with a price at $173 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $425,145 it is 58 % cheaper than the average price in Brevard. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $390,378 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $99 / sq.feet followed by "House" priced at $164 / sq.feet. "Commercial" is the most costly type of property with a $200 / sq.feet cost followed by "Condo" with an average price of $190 / sq.feet.