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 March, the average price per sq.feet was $204. In the following month the price per sq.feet increased to $224. The price for the following two months in (May, June) had a considerable increment of 150 %. The price per sq.feet has had a considerable increase of 366 % 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 $267.75 to $981 during July, and August.
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 March, is $449,160. During April the price went through a considerable rise reaching $531,602. During the following two months (May, June) the average price had a considerable increase of 147 % 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 risen strongly 325 % 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 $1,067,811 they are 72 % more affordable than the average price for Brevard. The properties with the lowest average price have 4 bedrooms, Their price is 56 % cheaper than the average. After that we have properties with 1 bedroom priced at $353,827.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $288 / sq.feet price in Brevard. The properties with the lowest average prices have 1 bedroom. They are 28 % cheaper than the average followed by properties with 3 bedrooms with a price at $162 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $1,067,811 it is 84 % 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 $386,100 it is 63 % 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 $88 / sq.feet followed by "House" priced at $153 / sq.feet. "Commercial" is the cheapest type of property with a $189 / sq.feet value followed by "Condo" with an average price of $179 / sq.feet.