The prices in real estate in Scottdale, in the Georgia 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 Scottdale has increased strongly during the last 6 months. In December, the average price per sq.feet was $137. In the following month the price per sq.feet increased considerably to $159. In the following two months the price per sq.feet has increased 113 %, going from $148 to $167.5 per sq.feet. The price per sq.feet has had a considerable increase of 116 % 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 $157.75 to $183 during April, and May.
Based upon to the price in Scottdale (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $278,051. During January the price went through a considerable rise reaching $339,080. During the following two months (February, March) the average price had a considerable increase of 118 % 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 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $388,709 they are 31 % more affordable than the average price for Scottdale. The properties with the lowest average price have 1 bedroom, Their price is 31 % cheaper than the average. After that we have properties with 2 bedrooms priced at $268,160.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $183 / sq.feet price in Scottdale. The properties with the lowest average prices have 1 bedroom. They are 20 % cheaper than the average followed by properties with 2 bedrooms with a price at $141 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $388,709 it is 87 % cheaper than the average price in Scottdale. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $268,160 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $141 / sq.feet followed by "Duplex" priced at $156 / sq.feet. "Condo" is the most costly type of property with a $48,951 / sq.feet cost followed by "Duplex" with an average price of $156 / sq.feet.