The prices in real estate in Hillsborough, in the North Carolina 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 Hillsborough has increased strongly during the last 6 months. In March, the average price per sq.feet was $215. In the following month the price per sq.feet increased considerably to $312. The price for the following two months in (May, June) had a considerable increment of 137 %. The price per sq.feet has decreased 93 % 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 $312.75 to $290.5 during July, and August.
Based upon to the price in Hillsborough (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $653,692. During April the price went through a considerable rise reaching $956,030. During the following two months (May, June) the average price had a considerable increase of 151 % 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 $1,011,688.5 to $848,860, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $887,129 they are 29 % more affordable than the average price for Hillsborough. The properties with the highest average price have 2 bedrooms, Their price is 299 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,973,177.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $291 / sq.feet, with an average $301 / sq.feet price in Hillsborough. The properties with the highest average prices have 2 bedrooms. They are 1857 % more expensive than the average followed by properties with 1 bedroom with a price at $580 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $887,129 it is 50 % cheaper than the average price in Hillsborough. "Commercial" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $815,526 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $183 / sq.feet followed by "Commercial" priced at $268 / sq.feet. "Condo" is the most costly type of property with a $327 / sq.feet cost followed by "Commercial" with an average price of $268 / sq.feet.