The prices in real estate in Southern Pines, in the North Carolina 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 Southern Pines has increased strongly during the last 6 months. In November, the average price per sq.feet was $166. In December this price pretty much remained the same at a value of $172 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $169 to $189.5 per sq.feet. The price per sq.feet has had a considerable increase of 247 % 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 $179.25 to $443 during March, and April.
Based upon to the price in Southern Pines (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $392,260. In December This price remains at $391,726. During the following two months (January, February) the price has had an average incrementation from $391,993 to $418,766. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $486,720 they are 37 % more affordable than the average price for Southern Pines. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 1 bedroom priced at $354,532.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $135 / sq.feet, with an average $704 / sq.feet price in Southern Pines. The properties with the highest average prices have 4 bedrooms. They are 123 % more expensive than the average followed by properties with 2 bedrooms with a price at $490 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $486,720 it is 36 % cheaper than the average price in Southern Pines. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Farm". At a price of $355,575 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $133 / sq.feet followed by "House" priced at $136 / sq.feet. "Condo" is the most costly type of property with a $2,587 / sq.feet cost followed by "Farm" with an average price of $164 / sq.feet.