The prices in real estate in Spring City, in the Tennessee 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 Spring City has increased strongly during the last 6 months. In June, the average price per sq.feet was $94. In the following month the price per sq.feet increased considerably to $1,103. The price for the following two months in (August, September) had a considerable increment of 146 %. The price per sq.feet has had a considerable deflation of 43 % 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 $735.25 to $318 during October, and November.
Based upon to the price in Spring City (cities), this has fallen considerably in the last 6 months. The average price for June is $239,243. During July the price had a considerable reduction till $158,756. During the following two months (August, September) the average price had a considerable reduction of 63 % 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 173 % 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 $315,576 they are 17 % more affordable than the average price for Spring City. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $297,136.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $120 / sq.feet, with an average $164 / sq.feet price in Spring City. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $315,576 it is 84 % cheaper than the average price in Spring City. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $51,333 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $164 / sq.feet followed by "Land" priced at $363 / sq.feet. "Land" is the most costly type of property with a $363 / sq.feet cost followed by "House" with an average price of $164 / sq.feet.