The prices in real estate in Oriental, 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 Oriental has increased strongly during the last 6 months. In August, the average price per sq.feet was $168. In the following month the price per sq.feet decreased to $156. In the following two months the price per sq.feet has increased 109 %, going from $162 to $176 per sq.feet. The price per sq.feet has had a considerable increase of 150 % 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 $169 to $254 during December, and January.
Based upon to the price in Oriental (cities), this has gone up considerably in the last 6 months. The average price for August is $421,333. During September the price had a slight fall till $396,933. In the following two months the average price has remained the same with regard to the previous two months from $409,133 to $391,685. Based on an analysis of the first four prices and the last two months the average price has risen strongly 229 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $811,318 they are 71 % more affordable than the average price for Oriental. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 1 bedroom priced at $388,693.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $234 / sq.feet price in Oriental. The properties with the highest average prices have 1 bedroom. They are 170 % more expensive than the average followed by properties with 4 bedrooms with a price at $190 / sq.feet.
With regard to the average price based upon the property in Oriental we can see that the cheapest property type is "House" at a price of $570,461, they are 30 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 30 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $231 / sq.feet. "House" with an average cost of $231 / sq.feet has the lowest price and would be directed at less affluent cities.