The prices in real estate in Richmond Hill, in the Georgia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Richmond Hill has remained the same in the last 6 months. In December, the average price per sq.feet was $217. In January this price pretty much remained the same at a value of $222 per sq.feet. The price for the following two months in (February, March) decreased 89 % with regard to the prior two months. 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 $207.5 to $236 during April, and May.
Based upon to the price in Richmond Hill (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $543,606. In January This price remains at $559,195. During the following two months (February, March) the average price fell 90 % 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 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $656,142 they are 42 % more affordable than the average price for Richmond Hill. The properties with the highest average price have 1 bedroom, Their price is 171 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,284,714.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $256 / sq.feet price in Richmond Hill. The properties with the highest average prices have 2 bedrooms. They are 245 % more expensive than the average followed by properties with 1 bedroom with a price at $616 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $656,142 it is 71 % cheaper than the average price in Richmond Hill. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $260,711 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $54 / sq.feet followed by "Condo" priced at $58 / sq.feet. "House" is the cheapest type of property with a $222 / sq.feet value followed by "Apartment" with an average price of $102 / sq.feet.