The prices in real estate in Gainesville, in the Georgia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Gainesville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,137. In the following month the price per sq.feet decreased considerably to $2,329. The price for the following two months in (September, October) had a considerable decrease of 20 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 9 % 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 $1,639.25 to $152 during November, and December.
Based upon to the price in Gainesville (cities), this has gone up in the last 6 months. The average price during our first sample month during July, is $349,239. During August the price went through a considerable rise reaching $412,693. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. 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 $361,172.75 and $377,513.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $342,341 they are 26 % more affordable than the average price for Gainesville. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $325,886.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $144 / sq.feet price in Gainesville. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $342,341 it is 31 % cheaper than the average price in Gainesville. "Farm" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $495,737 it is 118 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $129 / sq.feet followed by "House" priced at $147 / sq.feet. "Land" is the most costly type of property with a $12,870 / sq.feet cost followed by "Commercial" with an average price of $1,839 / sq.feet.