Property prices for sale in Newbern (Tennessee)
The prices in real estate in Newbern, 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 Newbern has increased strongly during the last 6 months. In November, the average price per sq.feet was $9,215. In December this price pretty much remained the same at a value of $9,209 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 263 %. The price per sq.feet has had a considerable increase of 304 % 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 $16,726 to $50,896.5 during March, and April.
Based upon to the price in Newbern (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $231,772. In December This price remains at $223,256. In the following two months the average price has remained the same with regard to the previous two months from $227,514 to $225,572. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
