The prices in real estate in Chapel Hill, in the North Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Chapel Hill has fallen in the last 6 months. In May, the average price per sq.feet was $220. In the following month the price per sq.feet decreased to $205. The price for the following two months in (July, August) decreased 88 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $199.75 to $201 during September y October
Based upon to the price in Chapel Hill (cities), this has fallen considerably in the last 6 months. The average price for May is $781,717. During June the price had a slight fall till $730,709. During the following two months (July, August) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $676,895.75 and $648,315.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $645,053 they are 42 % more affordable than the average price for Chapel Hill. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $473,708.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $181 / sq.feet, with an average $196 / sq.feet price in Chapel Hill. The properties with the highest average prices have 1 bedroom. They are 133 % more expensive than the average followed by properties with 2 bedrooms with a price at $254 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $645,053 it is 37 % cheaper than the average price in Chapel Hill. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $505,676 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $134 / sq.feet followed by "Condo" priced at $166 / sq.feet. "House" is the cheapest type of property with a $196 / sq.feet value followed by "Condo" with an average price of $166 / sq.feet.