The prices in real estate in Edenton, in the North Carolina 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 Edenton has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $9,079. In the following month the price per sq.feet decreased considerably to $192. The price for the following two months in (December, January) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable increase of 191 % 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 $2,981 to $5,683.5 during February, and March.
Based upon to the price in Edenton (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $274,489. During November the price went through a considerable rise reaching $331,655. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $294,745.5 to $248,556.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $229,795 they are 11 % more expensive than the average price for Edenton. Following this ranking we find those properties with 1 at an average price of $303,696. The properties with the highest average price have 4 bedrooms, Their price is 152 % more costly than the average. After that we have properties with 3 bedrooms priced at $333,111.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $8,208 / sq.feet price in Edenton. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $229,795 it is 67 % cheaper than the average price in Edenton. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $314,240 it is 49 % 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 $192 / sq.feet followed by "Detached House" priced at $194 / sq.feet. "Land" is the most costly type of property with a $46,056 / sq.feet cost followed by "Detached House" with an average price of $194 / sq.feet.