The prices in real estate in Conover, 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 Conover has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $479. In the following month the price per sq.feet decreased considerably to $357. The price for the following two months in (November, December) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $271.5 to $124 during January, and February.
Based upon to the price in Conover (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $128,911. During October the price went through a considerable rise reaching $180,078. During the following two months (November, December) the average price had a considerable increase of 143 % 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 116 % 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 5 % more costly than the average price of $228,322 in Conover. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 5 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 31 % cheaper than the average price of ($87 / sq.feet) in Conover. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 31 % 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 $217,783 it is 5 % more expensive than the average price in Conover. "Condo" is seen as the second dearest property type. The dearest property type is "Duplex" followed by "Condo". At a price of $266,956 it is 49 % 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 $87 / sq.feet followed by "Condo" priced at $103 / sq.feet. "Duplex" is the most costly type of property with a $162 / sq.feet cost followed by "Condo" with an average price of $103 / sq.feet.