The prices in real estate in Roan Mountain, in the Tennessee 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 Roan Mountain has increased strongly during the last 6 months. In February, the average price per sq.feet was $208. In the following month the price per sq.feet increased considerably to $322. The price for the following two months in (April, May) had a considerable increment of 116 %. The price per sq.feet has had a considerable deflation of 79 % 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 $286.75 to $225.5 during June, and July.
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 February, is $333,958. During March the price went through a considerable rise reaching $554,760. During the following two months (April, May) the average price had a considerable increase of 128 % 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 $505,650.75 to $415,667, which means a 82 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 31 % cheaper than the average price of $299,909 in Roan Mountain. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 31 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 6 % cheaper than the average price of ($221 / 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 6 % 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 $403,826, they are 7 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 7 % 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 $212 / sq.feet. "House" with an average cost of $212 / sq.feet has the lowest price and would be directed at less affluent cities.