The prices in real estate in Pigeon Forge, in the Tennessee region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Pigeon Forge has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $2,246. In the following month the price per sq.feet decreased considerably to $447. The price for the following two months in (November, December) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $951 to $635 during January, and February.
Based upon to the price in Pigeon Forge (cities), this has gone downing the last 6 months. The average price for September is $972,951. During October the price had a slight fall till $898,190. In the following two months the average price has remained the same with regard to the previous two months from $935,570.5 to $958,195. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $946,882.75 to $816,454 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $800,039 they are 38 % more affordable than the average price for Pigeon Forge. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $871,071.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $400 / sq.feet, with an average $807 / sq.feet price in Pigeon Forge. The properties with the lowest average prices have 3 bedrooms. They are 36 % cheaper than the average followed by properties with 1 bedroom with a price at $499 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $800,039 it is 67 % cheaper than the average price in Pigeon Forge. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $849,357 it is 32 % 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 $93 / sq.feet followed by "Condo" priced at $364 / sq.feet. "Land" is the most costly type of property with a $57,342 / sq.feet cost followed by "House" with an average price of $468 / sq.feet.