The prices in real estate in Richlands, 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 Richlands has increased strongly during the last 6 months. In June, the average price per sq.feet was $87. In the following month the price per sq.feet increased to $96. In the following two months the price per sq.feet has increased 109 %, going from $91.5 to $99.5 per sq.feet. The price per sq.feet has increased 114 % 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 $95.5 to $109 during October, and November.
Based upon to the price in Richlands (cities), this has gone up considerably in the last 6 months. The price in June is $140,019, rising in July till $155,472. In the following two months the average price has remained the same with regard to the previous two months from $147,745.5 to $151,163.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 3 % cheaper than the average price of $166,335 in Richlands. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 3 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 17 % cheaper than the average price of ($86 / sq.feet) in Richlands. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 17 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $171,787 it is 48 % cheaper than the average price in Richlands. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $97,119 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $30 / sq.feet followed by "House" priced at $86 / sq.feet. "Townhouse" is the most costly type of property with a $354 / sq.feet cost followed by "House" with an average price of $86 / sq.feet.