The prices in real estate in Durham, in the North Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Durham has increased during the last 6 months. In July, the average price per sq.feet was $174. In August this price pretty much remained the same at a value of $173 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $173.5 to $192.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $183 to $188 during November y December
Based upon to the price in Durham (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $354,641. In August This price remains at $339,725. In the following two months the average price has remained the same with regard to the previous two months from $347,183 to $360,919.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $400,685 they are 22 % more affordable than the average price for Durham. The properties with the highest average price have 1 bedroom, Their price is 60 % more costly than the average. After that we have properties with 4 bedrooms priced at $449,102.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $169 / sq.feet, with an average $194 / sq.feet price in Durham. The properties with the highest average prices have 1 bedroom. They are 343 % more expensive than the average followed by properties with 2 bedrooms with a price at $210 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $400,685 it is 22 % cheaper than the average price in Durham. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $357,730 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $133 / sq.feet followed by "Townhouse" priced at $161 / sq.feet. "Condo" is the most costly type of property with a $2,667 / sq.feet cost followed by "House" with an average price of $169 / sq.feet.