The prices in real estate in Roan Mountain, in the Tennessee region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Roan Mountain has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $19,827. In the following month the price per sq.feet decreased considerably to $14,450. The price for the following two months in (June, July) had a considerable decrease of 14 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $9,751 to $4,245 during August, and September.
Based upon to the price in Roan Mountain (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $175,633. During May the price went through a considerable rise reaching $393,800. During the following two months (June, July) the average price had a considerable reduction of 44 % 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 132 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 28 % cheaper than the average price of $217,089 in Roan Mountain. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 28 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 85 % cheaper than the average price of ($652 / sq.feet) in Roan Mountain. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 85 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Roan Mountain we can see that the cheapest property type is "House" at a price of $217,089, they are 28 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 28 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $652 / sq.feet. "House" with an average cost of $652 / sq.feet has the lowest price and would be directed at less affluent cities.