The prices in real estate in Pigeon Forge, in the Tennessee region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Pigeon Forge has increased during the last 6 months. In February, the average price per sq.feet was $380. In the following month the price per sq.feet increased to $416. In the following two months the price per sq.feet has increased 107 %, going from $398 to $424.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $411.25 to $428.5 during June y July
Based upon to the price in Pigeon Forge (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $796,971. In March This price remains at $836,363. During the following two months (April, May) the price has had an average incrementation from $816,667 to $861,194. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $838,930.5 to $713,162 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 $736,112 they are 26 % more affordable than the average price for Pigeon Forge. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $731,325.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $368 / sq.feet, with an average $426 / sq.feet price in Pigeon Forge. The properties with the highest average prices have 1 bedroom. They are 65 % more expensive than the average followed by properties with 4 bedrooms with a price at $445 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $736,112 it is 64 % cheaper than the average price in Pigeon Forge. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $449,305 it is 6 % 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 $112 / sq.feet followed by "Land" priced at $133 / sq.feet. "House" is the most costly type of property with a $429 / sq.feet cost followed by "Condo" with an average price of $402 / sq.feet.