The prices in real estate in Rincon, 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 Rincon has increased strongly during the last 6 months. In March, the average price per sq.feet was $111. In April this price pretty much remained the same at a value of $106 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 225 %. The price per sq.feet has had a considerable deflation of 69 % 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 $176.25 to $121.5 during July, and August.
Based upon to the price in Rincon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $245,087. During April the price went through a considerable rise reaching $318,806. During the following two months (May, June) the average price had a considerable increase of 149 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $351,133.25 to $275,412.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $294,782 they are 23 % more affordable than the average price for Rincon. The properties with the lowest average price have 1 bedroom, Their price is 20 % cheaper than the average. After that we have properties with 2 bedrooms priced at $226,590.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $86 / sq.feet, with an average $123 / sq.feet price in Rincon. The properties with the lowest average prices have 2 bedrooms. They are 28 % cheaper than the average followed by properties with 1 bedroom with a price at $86 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $294,782 it is 24 % cheaper than the average price in Rincon. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Duplex". At a price of $231,412 it is 21 % 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 $70 / sq.feet followed by "Duplex" priced at $73 / sq.feet. "House" is the cheapest type of property with a $88 / sq.feet value followed by "Townhouse" with an average price of $76 / sq.feet.