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 April, the average price per sq.feet was $318. In the following month the price per sq.feet increased to $364. The price for the following two months in (June, July) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable increase of 776 % 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 $301 to $2,337 during August, and September.
Based upon to the price in Roan Mountain (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $636,928. In May This price remains at $628,167. During the following two months (June, July) the average price had a considerable reduction of 81 % 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 172 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $642,967 they are 71 % more affordable than the average price for Roan Mountain. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 94 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $221 / sq.feet, with an average $3,945 / sq.feet price in Roan Mountain. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 81 % 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 $498,887, they are 22 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 22 % 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 $253 / sq.feet. "House" with an average cost of $253 / sq.feet has the lowest price and would be directed at less affluent cities.