The prices in real estate in Cherryville, 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 Cherryville has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $119. In the following month the price per sq.feet decreased to $111. The price for the following two months in (March, April) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable increase of 125 % 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 $83.5 to $104 during May, and June.
Based upon to the price in Cherryville (cities), this has fallen considerably in the last 6 months. The average price for January is $268,839. During February the price had a slight fall till $244,627. During the following two months (March, April) the average price had a considerable reduction of 47 % 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 120 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 31 % more costly than the average price of $267,763 in Cherryville. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 31 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 13 % more costly than the average price of ($115 / sq.feet) in Cherryville. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 13 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $204,827 it is 31 % more expensive than the average price in Cherryville. "Commercial Property" is seen as the second dearest property type. The dearest property type is "Commercial Property" followed by "House". At a price of $267,763 it is 108 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $115 / sq.feet followed by "Commercial Property" priced at $407 / sq.feet. "Commercial Property" is the most costly type of property with a $407 / sq.feet cost followed by "House" with an average price of $115 / sq.feet.