Property prices for sale in Elm City (North Carolina)
The prices in real estate in Elm City, in the North Carolina 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 Elm City has increased strongly during the last 6 months. In October, the average price per sq.feet was $3,537. In the following month the price per sq.feet decreased to $3,188. The price for the following two months in (December, January) had a considerable increment of 155 %. The price per sq.feet has had a considerable increase of 255 % 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 $4,285 to $10,945 during February, and March.
Based upon to the price in Elm City (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $253,740. In November This price remains at $246,186. In the following two months the average price has remained the same with regard to the previous two months from $249,963 to $248,462.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $249,212.75 to $230,613.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $203,130 they are 63 % more affordable than the average price for Elm City. The properties with the highest average price have 4 bedrooms, Their price is 273 % more costly than the average. After that we have properties with 2 bedrooms priced at $322,426.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $75 / sq.feet, with an average $11,416 / sq.feet price in Elm City. The properties with the lowest average prices have 4 bedrooms. They are 98 % cheaper than the average followed by properties with 3 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $203,130 it is 45 % cheaper than the average price in Elm City. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $111,750 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $4 / sq.feet followed by "House" priced at $167 / sq.feet. "House" is the cheapest type of property with a $167 / sq.feet value followed by "Commercial" with an average price of $4 / sq.feet.
