The prices in real estate in Chapel Hill, in the North Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Chapel Hill has increased during the last 6 months. In November, the average price per sq.feet was $179. In December this price pretty much remained the same at a value of $183 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $181 to $182 per sq.feet. The price per sq.feet has increased 112 % 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 $181.5 to $203 during March, and April.
Based upon to the price in Chapel Hill (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $569,779. In December This price remains at $563,664. During the following two months (January, February) the price has had an average incrementation from $566,721.5 to $599,614. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 $705,364 they are 72 % more affordable than the average price for Chapel Hill. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $391,864.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $172 / sq.feet, with an average $197 / sq.feet price in Chapel Hill. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $705,364 it is 59 % cheaper than the average price in Chapel Hill. "Office" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $479,956 it is 28 % 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 $140 / sq.feet followed by "Condo" priced at $167 / sq.feet. "House" is the most costly type of property with a $217 / sq.feet cost followed by "Apartment" with an average price of $171 / sq.feet.