The prices in real estate in Cornelia, 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 Cornelia has increased strongly during the last 6 months. In October, the average price per sq.feet was $184. In the following month the price per sq.feet increased to $198. The price for the following two months in (December, January) had a considerable increment of 173 %. The price per sq.feet has increased 113 % 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 $260.25 to $294 during February, and March.
Based upon to the price in Cornelia (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $362,567. In November This price remains at $359,666. During the following two months (December, January) the price has had an average incrementation from $361,116.5 to $388,911. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $421,898 they are 54 % more affordable than the average price for Cornelia. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $395,079.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $289 / sq.feet price in Cornelia. The properties with the highest average prices have 1 bedroom. They are 111 % more expensive than the average followed by properties with 2 bedrooms with a price at $338 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $421,898 it is 9 % cheaper than the average price in Cornelia. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $383,867 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $260 / sq.feet followed by "Land" priced at $39,573 / sq.feet. "Land" is the most costly type of property with a $39,573 / sq.feet cost followed by "House" with an average price of $260 / sq.feet.