The prices in real estate in Cramerton, 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 Cramerton has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $147. In the following month the price per sq.feet decreased to $136. In the following two months the price per sq.feet has barely changed, going from $141.5 to $146 per sq.feet. The price per sq.feet has had a considerable deflation of 48 % 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 $143.75 to $69.5 during July, and August.
Based upon to the price in Cramerton (cities), this has fallen considerably in the last 6 months. The average price for March is $384,600. During April the price had a considerable reduction till $253,088. During the following two months (May, June) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $289,353 to $250,686.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $501,373 they are 73 % more affordable than the average price for Cramerton. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 2 bedrooms priced at $368,769.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $120 / sq.feet, with an average $139 / sq.feet price in Cramerton. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $501,373 it is 56 % cheaper than the average price in Cramerton. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $227,141 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $83 / sq.feet followed by "Condo" priced at $136 / sq.feet. "House" is the most costly type of property with a $152 / sq.feet cost followed by "Condo" with an average price of $136 / sq.feet.