The prices in real estate in Sevierville, 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 Sevierville has increased strongly during the last 6 months. In October, the average price per sq.feet was $158. In the following month the price per sq.feet increased to $179. In the following two months the price per sq.feet has barely changed, going from $168.5 to $175.5 per sq.feet. The price per sq.feet has had a considerable increase of 745 % 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 $172 to $1,281.5 during February, and March.
Based upon to the price in Sevierville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $266,713. During November the price went through a considerable rise reaching $373,442. During the following two months (December, January) the average price had a considerable increase of 129 % 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 $365,828.75 to $227,223.5, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $228,215 they are 9 % more expensive than the average price for Sevierville. Following this ranking we find those properties with 2 at an average price of $320,051. The properties with the highest average price have 4 bedrooms, Their price is 160 % more costly than the average. After that we have properties with 3 bedrooms priced at $343,768.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $2,017 / sq.feet, with an average $1,466 / sq.feet price in Sevierville. The properties with the highest average prices have 4 bedrooms. They are 187 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,884 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $228,215 it is 31 % cheaper than the average price in Sevierville. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $353,467 it is 107 % 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 $140 / sq.feet followed by "Commercial" priced at $2,522 / sq.feet. "House" is the most costly type of property with a $2,697 / sq.feet cost followed by "Commercial" with an average price of $2,522 / sq.feet.