The prices in real estate in Cherryville, 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 Cherryville has increased strongly during the last 6 months. In January, the average price per sq.feet was $73. In the following month the price per sq.feet increased considerably to $86. In the following two months the price per sq.feet has barely changed, going from $79.5 to $81 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $80.25 to $112 during May, and June.
Based upon to the price in Cherryville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $147,209. During February the price went through a considerable rise reaching $174,069. During the following two months (March, April) the average price had a considerable increase of 115 % 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 124 % 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 19 % more costly than the average price of $264,562 in Cherryville. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 19 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 12 % cheaper than the average price of ($103 / sq.feet) in Cherryville. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 12 % cheaper 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 $221,640 it is 19 % 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 $264,562 it is 90 % 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 $103 / sq.feet followed by "Commercial Property" priced at $395 / sq.feet. "Commercial Property" is the most costly type of property with a $395 / sq.feet cost followed by "House" with an average price of $103 / sq.feet.