The prices in real estate in Flowery Branch, 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 Flowery Branch has increased strongly during the last 6 months. In January, the average price per sq.feet was $105. In the following month the price per sq.feet increased considerably to $136. In the following two months the price per sq.feet has increased 110 %, going from $120.5 to $132.5 per sq.feet. The price per sq.feet has had a considerable increase of 187 % 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 $126.5 to $236.5 during May, and June.
Based upon to the price in Flowery Branch (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $275,540. During February the price went through a considerable rise reaching $346,400. During the following two months (March, April) the price has had an average incrementation from $310,970 to $346,870. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $461,813 they are 51 % more affordable than the average price for Flowery Branch. The properties with the lowest average price have 1 bedroom, Their price is 11 % cheaper than the average. After that we have properties with 4 bedrooms priced at $353,586.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $87 / sq.feet, with an average $249 / sq.feet price in Flowery Branch. The properties with the lowest average prices have 3 bedrooms. They are 47 % cheaper than the average followed by properties with 1 bedroom with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $461,813 it is 24 % cheaper than the average price in Flowery Branch. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $386,985 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $109 / sq.feet followed by "Commercial" priced at $113 / sq.feet. "House" is the cheapest type of property with a $120 / sq.feet value followed by "Commercial" with an average price of $113 / sq.feet.