The prices in real estate in Kingsport, 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 Kingsport has increased strongly during the last 6 months. In April, the average price per sq.feet was $280. In the following month the price per sq.feet increased considerably to $723. The price for the following two months in (June, July) had a considerable increment of 140 %. The price per sq.feet has had a considerable deflation of 37 % 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 $601.75 to $222 during August, and September.
Based upon to the price in Kingsport (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $244,973. During May the price went through a considerable rise reaching $790,121. During the following two months (June, July) the average price had a considerable reduction of 69 % 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 $438,289.75 to $249,522, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $225,627 they are 43 % more affordable than the average price for Kingsport. The properties with the highest average price have 4 bedrooms, Their price is 87 % more costly than the average. After that we have properties with 3 bedrooms priced at $228,950.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $84 / sq.feet, with an average $98 / sq.feet price in Kingsport. The properties with the highest average prices have 4 bedrooms. They are 72 % more expensive than the average followed by properties with 1 bedroom with a price at $118 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $225,627 it is 41 % cheaper than the average price in Kingsport. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $132,322 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $91 / sq.feet followed by "Land" priced at $1,066 / sq.feet. "Land" is the most costly type of property with a $1,066 / sq.feet cost followed by "House" with an average price of $91 / sq.feet.