The prices in real estate in Decatur, 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 Decatur has increased strongly during the last 6 months. In January, the average price per sq.feet was $201. In the following month the price per sq.feet increased to $215. In the following two months the price per sq.feet has increased 109 %, going from $208 to $227.5 per sq.feet. The price per sq.feet has increased 113 % 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 $217.75 to $245 during May, and June.
Based upon to the price in Decatur (cities), this has gone up in the last 6 months. The price in January is $332,747, rising in February till $379,777. In the following two months the average price has remained the same with regard to the previous two months from $356,262 to $369,124.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $401,283 they are 21 % more affordable than the average price for Decatur. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $363,315.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $241 / sq.feet price in Decatur. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 2 bedrooms with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $401,283 it is 34 % cheaper than the average price in Decatur. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $434,745 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $117 / sq.feet followed by "Detached House" priced at $130 / sq.feet. "Condo" is the most costly type of property with a $258 / sq.feet cost followed by "House" with an average price of $251 / sq.feet.