The prices in real estate in Mars Hill, 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 Mars Hill has increased strongly during the last 6 months. In December, the average price per sq.feet was $124. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (February, March) had a considerable increment of 1835 %. The price per sq.feet has had a considerable increase of 1111 % 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 $600 to $6,663.5 during April, and May.
Based upon to the price in Mars Hill (cities), this has gone up considerably in the last 6 months. The average price for December is $293,333. During January the price had a considerable reduction till . During the following two months (February, March) the average price had a considerable increase of 407 % 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 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $400,267 they are 41 % more affordable than the average price for Mars Hill. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $362,511.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $13,074 / sq.feet price in Mars Hill. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 3 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $400,267 it is 8 % cheaper than the average price in Mars Hill. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $366,392 it is 53 % 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 $119 / sq.feet followed by "Commercial" priced at $160 / sq.feet. "Commercial" is the cheapest type of property with a $160 / sq.feet value followed by "House" with an average price of $119 / sq.feet.