The prices in real estate in Fairburn, 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 Fairburn has increased strongly during the last 6 months. In November, the average price per sq.feet was $162. In December this price pretty much remained the same at a value of $165 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $163.5 to $158 per sq.feet. The price per sq.feet has had a considerable increase of 161 % 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 $160.75 to $258.5 during March, and April.
Based upon to the price in Fairburn (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $412,600. In December This price remains at $395,719. In the following two months the average price has remained the same with regard to the previous two months from $404,159.5 to $393,461. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $398,810.25 and $386,758 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $377,629 they are 72 % more affordable than the average price for Fairburn. The properties with the lowest average price have 1 bedroom, Their price is 37 % cheaper than the average. After that we have properties with 4 bedrooms priced at $227,345.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $49 / sq.feet, with an average $165 / sq.feet price in Fairburn. The properties with the lowest average prices have 3 bedrooms. They are 59 % cheaper than the average followed by properties with 1 bedroom with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $377,629 it is 44 % cheaper than the average price in Fairburn. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Farm". At a price of $227,552 it is 233 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $3 / sq.feet followed by "Farm" priced at $12 / sq.feet. "House" is the cheapest type of property with a $60 / sq.feet value followed by "Detached House" with an average price of $46 / sq.feet.