The prices in real estate in Rutledge, 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 Rutledge has increased strongly during the last 6 months. In April, the average price per sq.feet was $212. In the following month the price per sq.feet increased considerably to $262. In the following two months the price per sq.feet has barely changed, going from $237 to $239.5 per sq.feet. The price per sq.feet has had a considerable increase of 596 % 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 $238.25 to $1,420.5 during August, and September.
Based upon to the price in Rutledge (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $426,801. During May the price went through a considerable rise reaching $633,803. In the following two months the average price has remained the same with regard to the previous two months from $530,302 to $504,951.5. During the last two months the average price has had a strong fall compared to the previous four going from $517,626.75 to $414,383.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $420,655 they are 24 % more affordable than the average price for Rutledge. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $442,782.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $188 / sq.feet, with an average $2,645 / sq.feet price in Rutledge. The properties with the lowest average prices have 1 bedroom. They are 70 % cheaper than the average followed by properties with 2 bedrooms with a price at $240 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $420,655 it is 35 % cheaper than the average price in Rutledge. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $274,730 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $192 / sq.feet followed by "House" priced at $220 / sq.feet. "House" is the cheapest type of property with a $220 / sq.feet value followed by "Condo" with an average price of $192 / sq.feet.