The prices in real estate in Hogansville, 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 Hogansville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $304. In November this price pretty much remained the same at a value of $297 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $233.25 to $164.5 during February, and March.
Based upon to the price in Hogansville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $319,715. In November This price remains at $313,304. In the following two months the average price has remained the same with regard to the previous two months from $316,509.5 to $323,854.5. 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 $320,182 and $309,112.5 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 $294,746 they are 85 % more affordable than the average price for Hogansville. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 2 bedrooms priced at $274,837.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $63 / sq.feet, with an average $163 / sq.feet price in Hogansville. 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 $142 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $294,746 it is 57 % cheaper than the average price in Hogansville. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $193,439 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $1 / sq.feet followed by "House" priced at $124 / sq.feet. "Commercial Property" is the most costly type of property with a $704 / sq.feet cost followed by "House" with an average price of $124 / sq.feet.