The prices in real estate in Rabun Gap, in the Georgia 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 Rabun Gap has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,694. In the following month the price per sq.feet decreased considerably to $246. The price for the following two months in (December, January) had a considerable increment of 213 %. The price per sq.feet has had a considerable increase of 260 % 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 $1,517.25 to $3,944.5 during February, and March.
Based upon to the price in Rabun Gap (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $463,138. During November the price went through a considerable rise reaching $560,645. In the following two months the average price has remained the same with regard to the previous two months from $511,891.5 to $494,028.5. During the last two months the average price has had a strong fall compared to the previous four going from $502,960 to $411,530, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $411,772 they are 38 % more affordable than the average price for Rabun Gap. The properties with the highest average price have 1 bedroom, Their price is 6 % more costly than the average. After that we have properties with 2 bedrooms priced at $254,962.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $73 / sq.feet, with an average $3,947 / sq.feet price in Rabun Gap. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $73 / sq.feet.
With regard to the average price based upon the property in Rabun Gap we can see that the cheapest property type is "House" at a price of $254,962, they are 38 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 38 % 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 $73 / sq.feet. "House" with an average cost of $73 / sq.feet has the lowest price and would be directed at less affluent cities.