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 February, the average price per sq.feet was $207. In the following month the price per sq.feet decreased considerably to $170. The price for the following two months in (April, May) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $180.75 to $168.5 during June, and July.
Based upon to the price in Sparta (cities), this has gone downing the last 6 months. The average price for February is $368,756. During March the price had a slight fall till $332,703. In the following two months the average price has remained the same with regard to the previous two months from $350,729.5 to $334,882. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $342,805.75 to $302,979.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $272,801 they are 13 % more affordable than the average price for Sparta. The properties with the highest average price have 4 bedrooms, Their price is 74 % more costly than the average. After that we have properties with 1 bedroom priced at $286,633.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $170 / sq.feet, with an average $168 / sq.feet price in Sparta. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 3 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $272,801 it is 30 % cheaper than the average price in Sparta. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $273,889 it is 481 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $63 / sq.feet followed by "House" priced at $172 / sq.feet. "Land" is the most costly type of property with a $344,482 / sq.feet cost followed by "House" with an average price of $172 / sq.feet.