The prices in real estate in Russellville, 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 Russellville has increased strongly during the last 6 months. In May, the average price per sq.feet was $192. In the following month the price per sq.feet increased considerably to $257. The price for the following two months in (July, August) had a considerable increment of 132 %. The price per sq.feet has had a considerable increase of 5093 % 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 $260.75 to $13,281 during September, and October.
Based upon to the price in Russellville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $423,275. During June the price went through a considerable rise reaching $525,260. During the following two months (July, August) the average price had a considerable increase of 142 % 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 $574,241.25 to $321,798, which means a 56 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $296,878 they are 17 % more affordable than the average price for Russellville. The properties with the lowest average price have 1 bedroom, Their price is 3 % cheaper than the average. After that we have properties with 2 bedrooms priced at $245,419.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $14,077 / sq.feet price in Russellville. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / sq.feet.
With regard to the average price based upon the property in Russellville we can see that the cheapest property type is "House" at a price of $245,419, they are 17 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 17 % 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 $138 / sq.feet. "House" with an average cost of $138 / sq.feet has the lowest price and would be directed at less affluent cities.