The prices in real estate in Middlesex, in the North Carolina 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 Middlesex has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $148. In March this price pretty much remained the same at a value of $147 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $106.75 to $67.5 during June, and July.
Based upon to the price in Middlesex (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $232,152. In March This price remains at $231,291. During the following two months (April, May) the average price had a considerable reduction of 46 % 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 $169,078.25 to $111,207, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $222,414 they are 25 % more affordable than the average price for Middlesex. The properties with the lowest average price have 1 bedroom, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $167,737.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $83 / sq.feet, with an average $135 / sq.feet price in Middlesex. The properties with the lowest average prices have 1 bedroom. They are 36 % cheaper than the average followed by properties with 3 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $222,414 it is 55 % cheaper than the average price in Middlesex. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $101,194 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $30 / sq.feet followed by "House" priced at $83 / sq.feet. "House" is the cheapest type of property with a $83 / sq.feet value followed by "Commercial Property" with an average price of $30 / sq.feet.