The prices in real estate in Grovetown, 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 Grovetown has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,135. In the following month the price per sq.feet decreased considerably to $700. In the following two months the price per sq.feet has barely changed, going from $1,417.5 to $1,454.5 per sq.feet. The price per sq.feet has had a considerable increase of 149 % 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 $1,436 to $2,135.5 during July, and August.
Based upon to the price in Grovetown (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $337,486. In April This price remains at $350,973. In the following two months the average price has remained the same with regard to the previous two months from $344,229.5 to $350,585.5. 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 $347,407.5 and $333,095.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $331,629 they are 60 % more affordable than the average price for Grovetown. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 1 bedroom priced at $229,803.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $78 / sq.feet, with an average $2,316 / sq.feet price in Grovetown. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $92 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $331,629 it is 40 % cheaper than the average price in Grovetown. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $227,603 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $12 / sq.feet followed by "Townhouse" priced at $25 / sq.feet. "House" is the cheapest type of property with a $80 / sq.feet value followed by "Apartment" with an average price of $69 / sq.feet.