The prices in real estate in Flat Rock, in the North Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Flat Rock has fallen in the last 6 months. In October, the average price per sq.feet was $14,991. In the following month the price per sq.feet decreased considerably to $706. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 291 % 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 $8,669.5 to $25,268 during February, and March.
Based upon to the price in Flat Rock (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $563,056. During November the price went through a considerable rise reaching $706,195. During the following two months (December, January) the average price fell 86 % 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 $590,628.75 to $470,278.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $492,285 they are 64 % more affordable than the average price for Flat Rock. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 3 bedrooms priced at $835,020.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $249 / sq.feet, with an average $24,848 / sq.feet price in Flat Rock. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $279 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $492,285 it is 66 % cheaper than the average price in Flat Rock. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $183,960 it is 63 % 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 $273 / sq.feet followed by "Condo" priced at $565 / sq.feet. "Land" is the most costly type of property with a $78,858 / sq.feet cost followed by "Condo" with an average price of $565 / sq.feet.