The prices in real estate in Kannapolis, in the North Carolina 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 Kannapolis has increased during the last 6 months. In January, the average price per sq.feet was $128. In February this price pretty much remained the same at a value of $132 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $130 to $131.5 per sq.feet. The price per sq.feet has increased 107 % 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 $130.75 to $140.5 during May, and June.
Based upon to the price in Kannapolis (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $208,264. During February the price went through a considerable rise reaching $272,140. During the following two months (March, April) the price has had an average incrementation from $240,202 to $267,730.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $291,723 they are 61 % more affordable than the average price for Kannapolis. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $196,065.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $92 / sq.feet, with an average $137 / sq.feet price in Kannapolis. The properties with the lowest average prices have 3 bedrooms. They are 18 % cheaper than the average followed by properties with 4 bedrooms with a price at $108 / sq.feet.
The graph displaying the average prices displays the property type "Mobile Home" as the most affordable one. At an cost of $291,723 it is 46 % cheaper than the average price in Kannapolis. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $246,543 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Mobile Home" at an average cost of $65 / sq.feet followed by "Duplex" priced at $76 / sq.feet. "House" is the most costly type of property with a $141 / sq.feet cost followed by "Apartment" with an average price of $105 / sq.feet.