The prices in real estate in Carmel, in the Indiana 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 Carmel has increased strongly during the last 6 months. In January, the average price per sq.feet was $154. In the following month the price per sq.feet decreased to $133. In the following two months the price per sq.feet has barely changed, going from $143.5 to $139 per sq.feet. The price per sq.feet has had a considerable increase of 1987 % 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 $141.25 to $2,807 during May, and June.
Based upon to the price in Carmel (cities), this has gone downing the last 6 months. The average price for January is $626,277. During February the price had a considerable reduction till $465,797. In the following two months the average price has remained the same with regard to the previous two months from $546,037 to $520,407.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $545,684 they are 29 % more affordable than the average price for Carmel. The properties with the lowest average price have 2 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 1 bedroom priced at $384,902.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $133 / sq.feet, with an average $5,033 / sq.feet price in Carmel. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $133 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $545,684 it is 23 % cheaper than the average price in Carmel. "Office" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $516,644 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $119 / sq.feet followed by "Townhouse" priced at $131 / sq.feet. "House" is the cheapest type of property with a $146 / sq.feet value followed by "Apartment" with an average price of $137 / sq.feet.