The prices in real estate in Pittsboro, 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 Pittsboro has increased strongly during the last 6 months. In November, the average price per sq.feet was $154. In the following month the price per sq.feet increased to $176. The price for the following two months in (January, February) had a considerable increment of 144 %. The price per sq.feet has had a considerable increase of 273 % 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 $201.25 to $548.5 during March, and April.
Based upon to the price in Pittsboro (cities), these have remained the same in the last 6 months. The price in November is $538,332, rising in December till $606,442. In the following two months the average price has remained the same with regard to the previous two months from $572,387 to $582,505.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $577,446.25 to $512,686 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $556,622 they are 51 % more affordable than the average price for Pittsboro. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $427,406.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $199 / sq.feet price in Pittsboro. The properties with the highest average prices have 1 bedroom. They are 80 % more expensive than the average followed by properties with 4 bedrooms with a price at $213 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $556,622 it is 40 % cheaper than the average price in Pittsboro. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $462,077 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $103 / sq.feet followed by "Duplex" priced at $147 / sq.feet. "House" is the most costly type of property with a $301 / sq.feet cost followed by "Duplex" with an average price of $147 / sq.feet.