The prices in real estate in Smithville, 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 Smithville has increased strongly during the last 6 months. In January, the average price per sq.feet was $130. In February this price pretty much remained the same at a value of $135 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $132.5 to $139.5 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 $136 to $171.5 during May, and June.
Based upon to the price in Smithville (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $384,464. In February This price remains at $394,879. In the following two months the average price has remained the same with regard to the previous two months from $389,671.5 to $403,473.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 153 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 11 % cheaper than the average price of $286,605 in Smithville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 11 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % cheaper than the average price of ($136 / sq.feet) in Smithville. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $321,264 it is 11 % cheaper than the average price in Smithville. "Farm" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $286,605 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $126 / sq.feet followed by "House" priced at $136 / sq.feet. "House" is the cheapest type of property with a $136 / sq.feet value followed by "Farm" with an average price of $126 / sq.feet.