The prices in real estate in Hillsborough, in the North Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Hillsborough has fallen in the last 6 months. In September, the average price per sq.feet was $695. In the following month the price per sq.feet decreased to $639. In the following two months the price per sq.feet has barely changed, going from $667 to $639.5 per sq.feet. The price per sq.feet has decreased 91 % 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 $653.25 to $593.5 during January, and February.
Based upon to the price in Hillsborough (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $2,080,894. In October This price remains at $2,050,339. During the following two months (November, December) the average price fell 89 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,947,650.25 to $1,588,393.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,732,605 they are 88 % more affordable than the average price for Hillsborough. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $527,761.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $235 / sq.feet, with an average $600 / sq.feet price in Hillsborough. The properties with the lowest average prices have 4 bedrooms. They are 29 % cheaper than the average followed by properties with 3 bedrooms with a price at $268 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,732,605 it is 90 % cheaper than the average price in Hillsborough. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $772,609 it is 47 % 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 $208 / sq.feet followed by "Commercial" priced at $214 / sq.feet. "House" is the most costly type of property with a $1,699 / sq.feet cost followed by "Apartment" with an average price of $640 / sq.feet.