The prices in real estate in Cumming, 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 Cumming has increased strongly during the last 6 months. In December, the average price per sq.feet was $164. In January this price pretty much remained the same at a value of $167 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 1041 %. The price per sq.feet has had a considerable deflation of 19 % 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 $944.25 to $176 during April, and May.
Based upon to the price in Cumming (cities), this has gone up in the last 6 months. The price in December is $470,336, rising in January till $504,249. In the following two months the average price has remained the same with regard to the previous two months from $487,292.5 to $492,909.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $586,039 they are 62 % more affordable than the average price for Cumming. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $384,588.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $147 / sq.feet, with an average $177 / sq.feet price in Cumming. The properties with the highest average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $586,039 it is 42 % cheaper than the average price in Cumming. "Villa" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $473,722 it is 19 % 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 $26 / sq.feet followed by "Villa" priced at $110 / sq.feet. "Townhouse" is the cheapest type of property with a $160 / sq.feet value followed by "Apartment" with an average price of $150 / sq.feet.