The prices in real estate in Cornelius, 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 Cornelius has increased strongly during the last 6 months. In August, the average price per sq.feet was $197. In September this price pretty much remained the same at a value of $201 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $199 to $225 per sq.feet. The price per sq.feet has had a considerable increase of 115 % 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 $212 to $244.5 during December, and January.
Based upon to the price in Cornelius (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $482,910. In September This price remains at $494,087. During the following two months (October, November) the average price had a considerable increase of 124 % 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 130 % 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 $821,131 they are 70 % more affordable than the average price for Cornelius. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $669,303.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $190 / sq.feet, with an average $262 / sq.feet price in Cornelius. The properties with the highest average prices have 3 bedrooms. They are 1 % more expensive than the average followed by properties with 4 bedrooms with a price at $201 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $821,131 it is 57 % cheaper than the average price in Cornelius. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $960,801 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $136 / sq.feet followed by "Townhouse" priced at $178 / sq.feet. "Condo" is the most costly type of property with a $355 / sq.feet cost followed by "House" with an average price of $260 / sq.feet.