The prices in real estate in Hickory, in the North Carolina 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 Hickory has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $213. In the following month the price per sq.feet decreased considerably to $178. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $174 to $152 during March, and April.
Based upon to the price in Hickory (cities), this has gone downing the last 6 months. The average price for November is $338,876. During December the price had a slight fall till $308,768. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $314,408 they are 23 % more affordable than the average price for Hickory. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 1 bedroom priced at $300,000.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $147 / sq.feet, with an average $153 / sq.feet price in Hickory. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 4 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $314,408 it is 33 % cheaper than the average price in Hickory. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $210,925 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $71 / sq.feet followed by "Commercial" priced at $76 / sq.feet. "House" is the cheapest type of property with a $146 / sq.feet value followed by "Commercial" with an average price of $76 / sq.feet.