The prices in real estate in Mcdonough, in the Georgia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Mcdonough has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $583. In the following month the price per sq.feet decreased considerably to $346. The price for the following two months in (September, October) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $285 to $112 during November, and December.
Based upon to the price in Mcdonough (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $279,138. In August This price remains at $277,594. During the following two months (September, October) the price has had an average incrementation from $278,366 to $304,590. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $291,478 and $303,649 between November and December.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 8 % cheaper than the average price of $265,509 in Mcdonough. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 8 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 19 % cheaper than the average price of ($90 / sq.feet) in Mcdonough. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 19 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $288,708 it is 48 % cheaper than the average price in Mcdonough. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial". At a price of $260,239 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $70 / sq.feet followed by "Apartment" priced at $90 / sq.feet. "Condo" is the cheapest type of property with a $101 / sq.feet value followed by "Apartment" with an average price of $90 / sq.feet.