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 September, the average price per sq.feet was $2,441. In the following month the price per sq.feet decreased considerably to $168. The price for the following two months in (November, December) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 22 % 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 $727.75 to $158.5 during January, and February.
Based upon to the price in Canton (cities), these have remained the same in the last 6 months. The average price for September is $396,775. During October the price had a slight fall till $354,589. During the following two months (November, December) the price has had an average incrementation from $375,682 to $417,697.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $423,869 they are 58 % more affordable than the average price for Canton. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 2 bedrooms priced at $322,905.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $161 / sq.feet price in Canton. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $423,869 it is 35 % 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 $461,276 it is 107 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $140 / sq.feet followed by "Condo" priced at $148 / sq.feet. "Land" is the most costly type of property with a $11,761 / sq.feet cost followed by "Farm" with an average price of $1,878 / sq.feet.