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 August, the average price per sq.feet was $148. In September this price pretty much remained the same at a value of $152 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $150 to $165.5 per sq.feet. The price per sq.feet has increased 106 % 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 $157.75 to $167 during December, and January.
Based upon to the price in Raleigh (cities), this has gone up in the last 6 months. The average price for August is $378,826. During September the price had a slight fall till $338,432. During the following two months (October, November) the average price had a considerable increase of 119 % 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 gone up 107 % 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 $415,996 they are 40 % more affordable than the average price for Raleigh. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $324,159.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $172 / sq.feet price in Raleigh. The properties with the highest average prices have 1 bedroom. They are 105 % more expensive than the average followed by properties with 2 bedrooms with a price at $205 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $415,996 it is 12 % cheaper than the average price in Raleigh. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $428,907 it is 42 % 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 $170 / sq.feet followed by "House" priced at $181 / sq.feet. "Condo" is the most costly type of property with a $212 / sq.feet cost followed by "House" with an average price of $181 / sq.feet.