Property prices for sale in Roan Mountain (Tennessee)
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 November, the average price per sq.feet was $1,691. In December this price pretty much remained the same at a value of $1,669 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 192 %. The price per sq.feet has had a considerable increase of 234 % 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 $2,451 to $5,746 during March, and April.
Based upon to the price in Roan Mountain (cities), this has fallen considerably in the last 6 months. The average price for November is $551,346. During December the price had a considerable reduction till $458,085. In the following two months the average price has remained the same with regard to the previous two months from $504,715.5 to $497,673. During the last two months the average price has had a strong fall compared to the previous four going from $501,194.25 to $417,448, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $497,888 they are 30 % more affordable than the average price for Roan Mountain. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $601,453.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $277 / sq.feet, with an average $1,864 / sq.feet price in Roan Mountain. The properties with the lowest average prices have 1 bedroom. They are 35 % cheaper than the average followed by properties with 2 bedrooms with a price at $330 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $497,888 it is 79 % cheaper than the average price in Roan Mountain. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $104,543 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $338 / sq.feet followed by "Land" priced at $28,841 / sq.feet. "Land" is the most costly type of property with a $28,841 / sq.feet cost followed by "House" with an average price of $338 / sq.feet.
