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 February, the average price per sq.feet was $197. In the following month the price per sq.feet decreased to $171. The price for the following two months in (April, May) had a considerable increment of 334 %. The price per sq.feet has had a considerable increase of 125 % 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 $399.5 to $501 during June, and July.
Based upon to the price in Sevierville (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $299,750. In March This price remains at $297,747. In the following two months the average price has remained the same with regard to the previous two months from $298,748.5 to $296,285. 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 $299,155 they are 48 % more affordable than the average price for Sevierville. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,673.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $293 / sq.feet, with an average $511 / sq.feet price in Sevierville. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at $546 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $299,155 it is 83 % cheaper than the average price in Sevierville. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $376,144 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $254 / sq.feet followed by "Land" priced at $433 / sq.feet. "Commercial" is the most costly type of property with a $1,439 / sq.feet cost followed by "Condo" with an average price of $1,033 / sq.feet.