The prices in real estate in Smyrna, in the Georgia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Smyrna has increased during the last 6 months. In November, the average price per sq.feet was $183. In the following month the price per sq.feet increased to $194. In the following two months the price per sq.feet has barely changed, going from $188.5 to $189.5 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 $189 to $220 during March, and April.
Based upon to the price in Smyrna (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $408,494. In December This price remains at $408,052. In the following two months the average price has remained the same with regard to the previous two months from $408,273 to $415,128. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $486,252 they are 64 % more affordable than the average price for Smyrna. 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 $409,878.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $207 / sq.feet, with an average $219 / sq.feet price in Smyrna. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $486,252 it is 39 % cheaper than the average price in Smyrna. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $412,640 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $117 / sq.feet followed by "Detached House" priced at $122 / sq.feet. "House" is the cheapest type of property with a $216 / sq.feet value followed by "Townhouse" with an average price of $207 / sq.feet.