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 April, the average price per sq.feet was $201. In the following month the price per sq.feet increased considerably to $273. The price for the following two months in (June, July) had a considerable increment of 115 %. 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 $255.25 to $242.5 during August y September
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 April, is $497,182. During May the price went through a considerable rise reaching $898,333. During the following two months (June, July) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $772,608.75 to $619,254, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $509,033 they are 58 % more affordable than the average price for Charlotte. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $334,724.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $227 / sq.feet price in Charlotte. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $223 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $509,033 it is 34 % cheaper than the average price in Charlotte. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $583,760 it is 50 % 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 $154 / sq.feet followed by "Commercial" priced at $155 / sq.feet. "Condo" is the most costly type of property with a $288 / sq.feet cost followed by "House" with an average price of $238 / sq.feet.