Property prices for sale in Rutherfordton (North Carolina)
The prices in real estate in Rutherfordton, in the North Carolina 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 Rutherfordton has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $6,743. In the following month the price per sq.feet decreased considerably to $3,474. In the following two months the price per sq.feet has barely changed, going from $5,108.5 to $4,991 per sq.feet. The price per sq.feet has had a considerable increase of 141 % 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 $5,049.75 to $7,116 during February, and March.
Based upon to the price in Rutherfordton (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $255,551. During November the price went through a considerable rise reaching $324,364. During the following two months (December, January) the average price had a considerable increase of 119 % 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 gone up 106 % 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 $321,051 they are 18 % more affordable than the average price for Rutherfordton. The properties with the highest average price have 4 bedrooms, Their price is 120 % more costly than the average. After that we have properties with 3 bedrooms priced at $368,606.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $157 / sq.feet, with an average $7,660 / sq.feet price in Rutherfordton. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $204 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $321,051 it is 18 % cheaper than the average price in Rutherfordton. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $300,989 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $39 / sq.feet followed by "Farm" priced at $86 / sq.feet. "House" is the cheapest type of property with a $180 / sq.feet value followed by "Commercial" with an average price of $88 / sq.feet.
