The prices in real estate in New Bern, in the North Carolina 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 New Bern has increased strongly during the last 6 months. In April, the average price per sq.feet was $170. In the following month the price per sq.feet increased to $186. The price for the following two months in (June, July) had a considerable increment of 697 %. The price per sq.feet has had a considerable increase of 454 % 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 $709.25 to $3,219 during August, and September.
Based upon to the price in New Bern (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $392,652. In May This price remains at $380,787. During the following two months (June, July) the average price fell 90 % with regard to the previous two months. 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 $368,139.5 and $351,941.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $360,467 they are 66 % more affordable than the average price for New Bern. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $355,513.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $190 / sq.feet, with an average $3,527 / sq.feet price in New Bern. The properties with the highest average prices have 3 bedrooms. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $3,486 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $360,467 it is 56 % cheaper than the average price in New Bern. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $385,569 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $70 / sq.feet followed by "Townhouse" priced at $173 / sq.feet. "Land" is the most costly type of property with a $5,863 / sq.feet cost followed by "House" with an average price of $4,369 / sq.feet.