The prices in real estate in Raleigh, in the North Carolina 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 Raleigh has increased during the last 6 months. In February, the average price per sq.feet was $177. In the following month the price per sq.feet increased to $186. The price for the following two months in (April, May) had a considerable increment of 115 %. 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 $195.25 to $204 during June y July
Based upon to the price in Raleigh (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $383,350. During March the price went through a considerable rise reaching $494,766. During the following two months (April, May) the average price had a considerable increase of 169 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $481,367 they are 46 % more affordable than the average price for Raleigh. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $351,665.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $163 / sq.feet, with an average $182 / sq.feet price in Raleigh. The properties with the highest average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $481,367 it is 25 % cheaper than the average price in Raleigh. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $408,290 it is 88 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $164 / sq.feet followed by "Townhouse" priced at $169 / sq.feet. "House" is the most costly type of property with a $235 / sq.feet cost followed by "Condo" with an average price of $220 / sq.feet.