The prices in real estate in Charlotte, in the North Carolina 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 Charlotte has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $163. The price for the following two months in (December, January) had a considerable increment of 210 %. The price per sq.feet has had a considerable increase of 131 % 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 $126.25 to $165 during February, and March.
Based upon to the price in Charlotte (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $344,303. During the following two months (December, January) the average price had a considerable increase of 206 % 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 130 % 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 $331,431 they are 19 % more affordable than the average price for Charlotte. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 1 bedroom priced at $354,714.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $156 / sq.feet, with an average $162 / sq.feet price in Charlotte. The properties with the highest average prices have 2 bedrooms. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at $177 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $331,431 it is 37 % cheaper than the average price in Charlotte. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $383,441 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $148 / sq.feet followed by "Townhouse" priced at $157 / sq.feet. "Condo" is the most costly type of property with a $1,348 / sq.feet cost followed by "Land" with an average price of $168 / sq.feet.