The prices in real estate in Knoxville, in the Maryland 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 Knoxville has increased strongly during the last 6 months. In September, the average price per sq.feet was $166. In the following month the price per sq.feet increased considerably to $211. The price for the following two months in (November, December) had a considerable increment of 141 %. The price per sq.feet has had a considerable deflation of 79 % 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 $227 to $179.5 during January, and February.
Based upon to the price in Knoxville (cities), this has gone up in the last 6 months. The average price for September is $457,613. During October the price had a slight fall till $431,767. During the following two months (November, December) the price has had an average incrementation from $444,690 to $479,366. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 $811,400 they are 84 % more affordable than the average price for Knoxville. The properties with the lowest average price have 4 bedrooms, Their price is 42 % cheaper than the average. After that we have properties with 3 bedrooms priced at $422,398.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $60 / sq.feet, with an average $170 / sq.feet price in Knoxville. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $811,400 it is 74 % cheaper than the average price in Knoxville. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $213,861 it is 54 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $70 / sq.feet followed by "House" priced at $129 / sq.feet. "House" is the cheapest type of property with a $129 / sq.feet value followed by "Townhouse" with an average price of $70 / sq.feet.