The prices in real estate in Canton, 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 Canton has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,895. In the following month the price per sq.feet decreased considerably to $2,865. The price for the following two months in (September, October) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $2,342.25 to $151 during November, and December.
Based upon to the price in Canton (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $408,761. In August This price remains at $388,696. During the following two months (September, October) the average price fell 94 % 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 gone up 108 % 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 $409,253 they are 46 % more affordable than the average price for Canton. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at $336,143.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $147 / sq.feet, with an average $153 / sq.feet price in Canton. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $409,253 it is 33 % cheaper than the average price in Canton. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $409,860 it is 115 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $136 / sq.feet followed by "Townhouse" priced at $142 / sq.feet. "Farm" is the most costly type of property with a $1,882 / sq.feet cost followed by "House" with an average price of $143 / sq.feet.