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 October, the average price per sq.feet was $409. In the following month the price per sq.feet decreased to $368. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has increased 107 % 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 $371 to $398 during February, and March.
Based upon to the price in Nashville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $837,521. In November This price remains at $814,895. During the following two months (December, January) the average price fell 94 % 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 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $932,619 they are 49 % more affordable than the average price for Nashville. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $583,861.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $316 / sq.feet, with an average $405 / sq.feet price in Nashville. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $421 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $932,619 it is 52 % 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 "Land". At a price of $997,466 it is 81 % 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 $285 / sq.feet followed by "Detached House" priced at $340 / sq.feet. "Land" is the most costly type of property with a $380,755 / sq.feet cost followed by "Commercial" with an average price of $703 / sq.feet.
