The prices in real estate in Sparta, in the Tennessee region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Sparta has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $492. In the following month the price per sq.feet decreased considerably to $240. The price for the following two months in (June, July) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $279.25 to $233 during August, and September.
Based upon to the price in Sparta (cities), this has fallen considerably in the last 6 months. The average price for April is $861,216. During May the price had a considerable reduction till $420,318. During the following two months (June, July) the average price had a considerable reduction of 57 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $681,980 they are 90 % more affordable than the average price for Sparta. The properties with the lowest average price have 4 bedrooms, Their price is 53 % cheaper than the average. After that we have properties with 3 bedrooms priced at $194,128.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $267 / sq.feet price in Sparta. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 4 bedrooms with a price at $111 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $681,980 it is 86 % cheaper than the average price in Sparta. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $93,950 it is 67 % 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 $82 / sq.feet followed by "House" priced at $105 / sq.feet. "House" is the cheapest type of property with a $105 / sq.feet value followed by "Commercial" with an average price of $82 / sq.feet.