The prices in real estate in Chocowinity, 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 Chocowinity has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $133. In the following month the price per sq.feet decreased to $126. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $124 to $101 during March, and April.
Based upon to the price in Chocowinity (cities), this has fallen considerably in the last 6 months. The average price for November is $336,475. During December the price had a slight fall till $292,862. During the following two months (January, February) the average price had a considerable reduction of 70 % 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 $267,826.75 to $142,657, which means a 53 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 98 % more costly than the average price of $282,024 in Chocowinity. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 98 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5 % more costly than the average price of ($106 / sq.feet) in Chocowinity. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $142,657 it is 44 % cheaper than the average price in Chocowinity. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $79,270 it is 98 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $41 / sq.feet followed by "House" priced at $106 / sq.feet. "House" is the most costly type of property with a $106 / sq.feet cost followed by "Commercial" with an average price of $41 / sq.feet.