The prices in real estate in Nashville, in the Tennessee 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 Nashville has increased strongly during the last 6 months. In December, the average price per sq.feet was $180. In January this price pretty much remained the same at a value of $172 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 234 %. The price per sq.feet has had a considerable deflation of 66 % 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 $293.5 to $194.5 during April, and May.
Based upon to the price in Nashville (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $426,525. In January This price remains at $421,052. In the following two months the average price has remained the same with regard to the previous two months from $423,788.5 to $408,427.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $416,108 to $379,030.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $381,635 they are 40 % more affordable than the average price for Nashville. The properties with the highest average price have 1 bedroom, Their price is 143 % more costly than the average. After that we have properties with 4 bedrooms priced at $471,797.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $190 / sq.feet price in Nashville. The properties with the highest average prices have 4 bedrooms. They are 58 % more expensive than the average followed by properties with 1 bedroom with a price at $230 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $381,635 it is 24 % cheaper than the average price in Nashville. "House" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Condo". At a price of $509,689 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $142 / sq.feet followed by "House" priced at $193 / sq.feet. "Office" is the most costly type of property with a $1,503 / sq.feet cost followed by "Condo" with an average price of $1,501 / sq.feet.