The prices in real estate in Lookout Mountain, in the Georgia 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 Lookout Mountain has increased strongly during the last 6 months. In September, the average price per sq.feet was $256. In the following month the price per sq.feet increased considerably to $18,217. The price for the following two months in (November, December) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $4,740.25 to $4,223 during January, and February.
Based upon to the price in Lookout Mountain (cities), this has gone up in the last 6 months. The average price for September is $487,948. During October the price had a considerable reduction till $399,355. During the following two months (November, December) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 4 % cheaper than the average price of $513,923 in Lookout Mountain. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % cheaper than the average price of ($104 / sq.feet) in Lookout Mountain. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Lookout Mountain we can see that the cheapest property type is "House" at a price of $513,923, they are 4 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 4 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $104 / sq.feet. "House" with an average cost of $104 / sq.feet has the lowest price and would be directed at less affluent cities.