The prices in real estate in La Follette, 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 La Follette has increased strongly during the last 6 months. In September, the average price per sq.feet was $275. In the following month the price per sq.feet increased considerably to $353. The price for the following two months in (November, December) had a considerable increment of 195 %. The price per sq.feet has had a considerable increase of 581 % 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 $462.5 to $2,688 during January, and February.
Based upon to the price in La Follette (cities), this has fallen considerably in the last 6 months. The average price for September is $446,622. During October the price had a considerable reduction till $352,867. In the following two months the average price has remained the same with regard to the previous two months from $399,744.5 to $390,184. 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 $394,964.25 to $340,339 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $285,135 they are 21 % more expensive than the average price for La Follette. Following this ranking we find those properties with 1 at an average price of $350,540. The properties with the highest average price have 4 bedrooms, Their price is 225 % more costly than the average. After that we have properties with 2 bedrooms priced at $379,600.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $5,155 / sq.feet price in La Follette. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $314 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $285,135 it is 65 % cheaper than the average price in La Follette. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $398,136 it is 1353 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $229 / sq.feet followed by "Detached House" priced at $619 / sq.feet. "Land" is the most costly type of property with a $41,018 / sq.feet cost followed by "Detached House" with an average price of $619 / sq.feet.