The prices in real estate in Johnson City, in the Tennessee region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Johnson City has increased during the last 6 months. In October, the average price per sq.feet was $108. In the following month the price per sq.feet increased considerably to $128. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per sq.feet has had a considerable deflation of 78 % 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 $129 to $100.5 during February, and March.
Based upon to the price in Johnson City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $236,652. During November the price went through a considerable rise reaching $462,442. During the following two months (December, January) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $401,161.75 to $345,705 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $350,792 they are 59 % more affordable than the average price for Johnson City. The properties with the lowest average price have 1 bedroom, Their price is 10 % cheaper than the average. After that we have properties with 4 bedrooms priced at $144,003.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $200 / sq.feet, with an average $97 / sq.feet price in Johnson City. The properties with the highest average prices have 4 bedrooms. They are 343 % more expensive than the average followed by properties with 1 bedroom with a price at $200 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $350,792 it is 63 % cheaper than the average price in Johnson City. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Condo". At a price of $153,383 it is 54 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $399 / sq.feet followed by "Apartment" priced at $430 / sq.feet. "Duplex" is the most costly type of property with a $1,608 / sq.feet cost followed by "Office" with an average price of $516 / sq.feet.