The prices in real estate in Spencer, in the Tennessee 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 Spencer has increased during the last 6 months. In April, the average price per sq.feet was $146. In the following month the price per sq.feet increased to $155. In the following two months the price per sq.feet has barely changed, going from $150.5 to $154 per sq.feet. The price per sq.feet has increased 110 % 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 $152.25 to $167.5 during August, and September.
Based upon to the price in Spencer (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $575,260. In May This price remains at $549,122. During the following two months (June, July) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $646,380 to $501,026, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $413,422 they are 68 % more affordable than the average price for Spencer. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 2 bedrooms priced at $326,864.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $85 / sq.feet, with an average $175 / sq.feet price in Spencer. The properties with the lowest average prices have 2 bedrooms. They are 2 % cheaper than the average followed by properties with 1 bedroom with a price at $144 / sq.feet.
With regard to the average price based upon the property in Spencer we can see that the cheapest property type is "House" at a price of $220,353, they are 47 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 47 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $106 / sq.feet. "House" with an average cost of $106 / sq.feet has the lowest price and would be directed at less affluent cities.