Property prices for sale in Nashville (Tennessee)
The prices in real estate in Nashville, in the Tennessee region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Nashville has fallen in the last 6 months. In March, the average price per sq.feet was $405. In April this price pretty much remained the same at a value of $418 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $411.5 to $391 per sq.feet. The price per sq.feet has decreased 90 % 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 $401.25 to $361.5 during July, and August.
Based upon to the price in Nashville (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $932,619. In April This price remains at $947,862. During the following two months (May, June) the average price had a considerable reduction of 80 % 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 $845,073 to $690,967, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $715,902 they are 39 % more affordable than the average price for Nashville. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $576,254.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $319 / sq.feet, with an average $372 / sq.feet price in Nashville. The properties with the highest average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at $373 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $715,902 it is 39 % cheaper than the average price in Nashville. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $802,701 it is 135 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $259 / sq.feet followed by "Detached House" priced at $335 / sq.feet. "Land" is the most costly type of property with a $399,634 / sq.feet cost followed by "Commercial" with an average price of $698 / sq.feet.
