The prices in real estate in North Kingstown, in the Rhode Island 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 North Kingstown has increased strongly during the last 6 months. In February, the average price per sq.feet was $216. In March this price pretty much remained the same at a value of $221 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $218.5 to $220.5 per sq.feet. The price per sq.feet has had a considerable increase of 195 % 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 $219.5 to $428.5 during June, and July.
Based upon to the price in North Kingstown (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $466,564. In March This price remains at $475,857. In the following two months the average price has remained the same with regard to the previous two months from $471,210.5 to $477,952. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $474,581.25 to $449,763.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $448,028 they are 30 % more affordable than the average price for North Kingstown. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 1 bedroom priced at $489,477.
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 $644 / sq.feet price in North Kingstown. The properties with the lowest average prices have 2 bedrooms. They are 63 % cheaper than the average followed by properties with 3 bedrooms with a price at $212 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $448,028 it is 3 % more expensive than the average price in North Kingstown. "House" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Townhouse". At a price of $577,192 it is 70 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $193 / sq.feet followed by "Land" priced at $216 / sq.feet. "Condo" is the most costly type of property with a $713 / sq.feet cost followed by "House" with an average price of $224 / sq.feet.