The prices in real estate in Newnan, in the Georgia 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 Newnan has increased strongly during the last 6 months. In August, the average price per sq.feet was $76. In the following month the price per sq.feet increased considerably to $128. The price for the following two months in (October, November) had a considerable increment of 121 %. The price per sq.feet has increased 113 % 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 $112.5 to $127.5 during December, and January.
Based upon to the price in Newnan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $223,629. During September the price went through a considerable rise reaching $353,502. During the following two months (October, November) the average price had a considerable increase of 126 % 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 109 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 3 % cheaper than the average price of $309,727 in Newnan. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 3 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5 % cheaper than the average price of ($116 / sq.feet) in Newnan. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $319,649 it is 3 % cheaper than the average price in Newnan. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Condo". At a price of $332,665 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $98 / sq.feet followed by "Condo" priced at $105 / sq.feet. "Apartment" is the cheapest type of property with a $116 / sq.feet value followed by "Condo" with an average price of $105 / sq.feet.