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 April, the average price per sq.feet was $143. In May this price pretty much remained the same at a value of $138 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $140.5 to $145.5 per sq.feet. The price per sq.feet has had a considerable increase of 138 % 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 to $198 during August, and September.
Based upon to the price in Cumming (cities), this has gone up in the last 6 months. The price in April is $409,666, rising in May till $451,587. In the following two months the average price has remained the same with regard to the previous two months from $430,626.5 to $441,957. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $459,644 they are 51 % more affordable than the average price for Cumming. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 3 bedrooms priced at $361,507.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $145 / sq.feet price in Cumming. The properties with the highest average prices have 1 bedroom. They are 94 % more expensive than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $459,644 it is 29 % cheaper than the average price in Cumming. "Villa" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $467,283 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $27 / sq.feet followed by "Villa" priced at $118 / sq.feet. "Condo" is the most costly type of property with a $160 / sq.feet cost followed by "House" with an average price of $143 / sq.feet.