The prices in real estate in Columbus, in the Georgia 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 Columbus has increased strongly during the last 6 months. In March, the average price per sq.feet was $72. In the following month the price per sq.feet decreased considerably to $58. The price for the following two months in (May, June) had a considerable increment of 179 %. The price per sq.feet has decreased 93 % 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 $90.75 to $84 during July, and August.
Based upon to the price in Columbus (cities), this has gone up considerably in the last 6 months. The average price for March is $150,539. During April the price had a considerable reduction till $102,051. During the following two months (May, June) the average price had a considerable increase of 336 % 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 $275,415.5 to $185,195, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $193,671 they are 64 % more affordable than the average price for Columbus. The properties with the highest average price have 4 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 3 bedrooms priced at $206,228.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $60 / sq.feet, with an average $89 / sq.feet price in Columbus. The properties with the highest average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $193,671 it is 17 % cheaper than the average price in Columbus. "Office" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $236,312 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $63 / sq.feet followed by "Office" priced at $71 / sq.feet. "Condo" is the most costly type of property with a $98 / sq.feet cost followed by "House" with an average price of $93 / sq.feet.