The prices in real estate in Marion, 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 Marion has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,921. In the following month the price per sq.feet decreased considerably to $889. The price for the following two months in (December, January) had a considerable increment of 131 %. The price per sq.feet has had a considerable increase of 331 % 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 $1,622.25 to $5,362.5 during February, and March.
Based upon to the price in Marion (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $383,981. In November This price remains at $387,388. During the following two months (December, January) the average price fell 90 % 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 $366,988.75 to $267,194, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $261,963 they are 18 % more affordable than the average price for Marion. The properties with the highest average price have 4 bedrooms, Their price is 102 % more costly than the average. After that we have properties with 3 bedrooms priced at $379,829.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $201 / sq.feet, with an average $7,002 / sq.feet price in Marion. The properties with the lowest average prices have 1 bedroom. They are 96 % cheaper than the average followed by properties with 2 bedrooms with a price at $288 / sq.feet.
With regard to the average price based upon the property in Marion we can see that most expensive property type is "House" at a price of $391,473, they are 49 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 49 % more expensive 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 $226 / sq.feet. "House" with an average cost of $226 / sq.feet has the lowest price and would be directed at less affluent cities.