The prices in real estate in Castle Hayne, in the North Carolina 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 Castle Hayne has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $130. In January this price pretty much remained the same at a value of $132 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 139 % 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 $94.25 to $131 during April, and May.
Based upon to the price in Castle Hayne (cities), this has fallen considerably in the last 6 months. The price in December is $238,028, rising in January till $251,259. During the following two months (February, March) the average price had a considerable reduction of 44 % 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 137 % 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 $264,054 they are 39 % more affordable than the average price for Castle Hayne. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $227,831.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $103 / sq.feet, with an average $141 / sq.feet price in Castle Hayne. The properties with the lowest average prices have 2 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $264,054 it is 21 % cheaper than the average price in Castle Hayne. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $215,649 it is 27 % 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 $102 / sq.feet followed by "House" priced at $103 / sq.feet. "Land" is the cheapest type of property with a $141 / sq.feet value followed by "House" with an average price of $103 / sq.feet.