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 April, the average price per sq.feet was $77. In the following month the price per sq.feet increased to $81. The price for the following two months in (June, July) had a considerable increment of 139 %. The price per sq.feet has increased 108 % 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 $94.25 to $102 during August, and September.
Based upon to the price in Newnan (cities), this has gone up considerably in the last 6 months. The price in April is $221,396, rising in May till $242,028. During the following two months (June, July) the average price had a considerable increase of 129 % 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 displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $353,502 they are 57 % more affordable than the average price for Newnan. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $290,005.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $128 / sq.feet price in Newnan. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $353,502 it is 32 % cheaper than the average price in Newnan. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Office". At a price of $340,816 it is 46 % 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 $102 / sq.feet followed by "Land" priced at $125 / sq.feet. "Condo" is the most costly type of property with a $131 / sq.feet cost followed by "House" with an average price of $127 / sq.feet.