The prices in real estate in Burlington, 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 Burlington has increased strongly during the last 6 months. In June, the average price per sq.feet was $115. In the following month the price per sq.feet increased considerably to $457. The price for the following two months in (August, September) had a considerable decrease of 34 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $191.5 to $85 during October, and November.
Based upon to the price in Burlington (cities), this has fallen considerably in the last 6 months. In our first sample month during June, the average price is $219,671. In July This price remains at $218,970. During the following two months (August, September) the average price had a considerable reduction of 82 % 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 $200,026.25 to $137,355, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $135,506 they are 67 % more expensive than the average price for Burlington. Following this ranking we find those properties with 4 at an average price of $343,247. The properties with the highest average price have 4 bedrooms, Their price is 153 % more costly than the average. After that we have properties with 1 bedroom priced at $226,282.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $108 / sq.feet, with an average $85 / sq.feet price in Burlington. The properties with the highest average prices have 4 bedrooms. They are 44 % more expensive than the average followed by properties with 1 bedroom with a price at $108 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $135,506 it is 16 % cheaper than the average price in Burlington. "Office" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $217,356 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $91 / sq.feet followed by "Office" priced at $95 / sq.feet. "House" is the most costly type of property with a $914 / sq.feet cost followed by "Condo" with an average price of $117 / sq.feet.