Property prices for sale in Gatlinburg (Tennessee)
The prices in real estate in Gatlinburg, in the Tennessee 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 Gatlinburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,216. In the following month the price per sq.feet increased considerably to $2,518. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable increase of 241 % 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 $1,610.25 to $3,885 during February, and March.
Based upon to the price in Gatlinburg (cities), this has fallen considerably in the last 6 months. The average price for October is $928,633. During November the price had a considerable reduction till $708,326. During the following two months (December, January) the average price had a considerable reduction of 81 % 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 $740,545.5 and $714,489.5 between 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 $720,478 they are 34 % more affordable than the average price for Gatlinburg. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $835,774.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $788 / sq.feet, with an average $5,446 / sq.feet price in Gatlinburg. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $4,093 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $720,478 it is 68 % cheaper than the average price in Gatlinburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $820,909 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $75 / sq.feet followed by "Detached House" priced at $427 / sq.feet. "Land" is the most costly type of property with a $12,430 / sq.feet cost followed by "House" with an average price of $5,641 / sq.feet.
