The prices in real estate in Spring Lake, 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 Spring Lake has increased strongly during the last 6 months. In March, the average price per sq.feet was $102. In the following month the price per sq.feet increased considerably to $232. In the following two months the price per sq.feet has increased 115 %, going from $167 to $191.5 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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 $115.5 during July, and August.
Based upon to the price in Spring Lake (cities), these have remained the same in the last 6 months. The average price for March is $268,684. During April the price had a slight fall till $255,070. During the following two months (May, June) the price has had an average incrementation from $261,877 to $289,341. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $275,609 and $282,516 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $255,313 they are 17 % more affordable than the average price for Spring Lake. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 1 bedroom priced at $253,524.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $87 / sq.feet, with an average $109 / sq.feet price in Spring Lake. The properties with the highest average prices have 2 bedrooms. They are 15 % more expensive than the average followed by properties with 3 bedrooms with a price at $102 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $255,313 it is 45 % cheaper than the average price in Spring Lake. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $221,432 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $11 / sq.feet followed by "Condo" priced at $32 / sq.feet. "House" is the cheapest type of property with a $86 / sq.feet value followed by "Apartment" with an average price of $80 / sq.feet.