The prices in real estate in Dandridge, in the Tennessee 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 Dandridge has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $514. In the following month the price per sq.feet decreased to $457. In the following two months the price per sq.feet has barely changed, going from $485.5 to $486 per sq.feet. The price per sq.feet has had a considerable deflation of 54 % 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 $485.75 to $261 during July, and August.
Based upon to the price in Dandridge (cities), this has gone downing the last 6 months. The price in March is $346,393, rising in April till $384,283. During the following two months (May, June) the average price fell 87 % 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 85 %, going from $341,091 to $291,188 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $284,336 they are 25 % more affordable than the average price for Dandridge. The properties with the highest average price have 4 bedrooms, Their price is 155 % more costly than the average. After that we have properties with 3 bedrooms priced at $300,001.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $132 / sq.feet, with an average $142 / sq.feet price in Dandridge. The properties with the highest average prices have 4 bedrooms. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $162 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $284,336 it is 5 % more expensive than the average price in Dandridge. "Condo" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Condo". At a price of $444,767 it is 138 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $134 / sq.feet followed by "Commercial" priced at $159 / sq.feet. "Condo" is the most costly type of property with a $266 / sq.feet cost followed by "Commercial" with an average price of $159 / sq.feet.