The prices in real estate in Holladay, in the Tennessee 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 Holladay has increased strongly during the last 6 months. In October, the average price per sq.feet was $430. In November this price pretty much remained the same at a value of $432 per sq.feet. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 263 % 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 $420 to $1,106 during February, and March.
Based upon to the price in Holladay (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $833,646. During November the price went through a considerable rise reaching $1,010,956. During the following two months (December, January) the average price had a considerable increase of 123 % 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 $1,030,128 to $865,212.5, 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 $1,052,768 they are 71 % more affordable than the average price for Holladay. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $951,681.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $385 / sq.feet, with an average $686 / sq.feet price in Holladay. The properties with the lowest average prices have 1 bedroom. They are 35 % cheaper than the average followed by properties with 2 bedrooms with a price at $420 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,052,768 it is 73 % cheaper than the average price in Holladay. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,152,409 it is 45 % 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 $348 / sq.feet followed by "Apartment" priced at $368 / sq.feet. "Land" is the most costly type of property with a $10,969 / sq.feet cost followed by "Townhouse" with an average price of $616 / sq.feet.