The prices in real estate in Ellijay, 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 Ellijay has increased strongly during the last 6 months. In April, the average price per sq.feet was $360. In the following month the price per sq.feet increased considerably to $767. The price for the following two months in (June, July) had a considerable increment of 137 %. The price per sq.feet has increased 111 % 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 $668.25 to $744 during August, and September.
Based upon to the price in Ellijay (cities), this has gone up in the last 6 months. The price in April is $167,632, rising in May till $186,195. In the following two months the average price has remained the same with regard to the previous two months from $176,913.5 to $176,157.5. 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 1 bedroom are the cheapest ones. At a price of $208,432 they are 48 % more affordable than the average price for Ellijay. The properties with the highest average price have 4 bedrooms, Their price is 125 % more costly than the average. After that we have properties with 3 bedrooms priced at $325,451.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $254 / sq.feet, with an average $599 / sq.feet price in Ellijay. The properties with the highest average prices have 4 bedrooms. They are 252 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,088 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $208,432 it is 70 % cheaper than the average price in Ellijay. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Cabin". At a price of $323,234 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $126 / sq.feet followed by "Condo" priced at $136 / sq.feet. "Cabin" is the most costly type of property with a $3,010 / sq.feet cost followed by "House" with an average price of $1,861 / sq.feet.