The prices in real estate in Kannapolis, 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 Kannapolis has increased strongly during the last 6 months. In February, the average price per sq.feet was $137. In March this price pretty much remained the same at a value of $140 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $138.5 to $149.5 per sq.feet. The price per sq.feet has had a considerable increase of 1112 % 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 $144 to $1,601 during June, and July.
Based upon to the price in Kannapolis (cities), this has gone up considerably in the last 6 months. The average price for February is $241,210. During March the price had a slight fall till $221,955. In the following two months the average price has remained the same with regard to the previous two months from $231,582.5 to $222,369. Based on an analysis of the first four prices and the last two months the average price has risen strongly 1342 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $5,533,782 they are 97 % more affordable than the average price for Kannapolis. The properties with the lowest average price have 4 bedrooms, Their price is 94 % cheaper than the average. After that we have properties with 3 bedrooms priced at $263,241.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $2,922 / sq.feet price in Kannapolis. The properties with the lowest average prices have 2 bedrooms. They are 95 % cheaper than the average followed by properties with 1 bedroom with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Mobile Home" as the most affordable one. At an cost of $5,533,782 it is 97 % cheaper than the average price in Kannapolis. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $265,894 it is 95 % 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 $52 / sq.feet followed by "Duplex" priced at $63 / sq.feet. "House" is the cheapest type of property with a $136 / sq.feet value followed by "Apartment" with an average price of $133 / sq.feet.