The prices in real estate in Summerfield, in the North Carolina 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 Summerfield has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $163. In the following month the price per sq.feet decreased to $150. The price for the following two months in (April, May) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $141.5 to $139.5 during June y July
Based upon to the price in Summerfield (cities), this has fallen considerably in the last 6 months. The average price for February is $923,000. During March the price had a considerable reduction till $540,177. During the following two months (April, May) the average price had a considerable reduction of 46 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $533,917.75 to $496,027.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $658,967 they are 64 % more affordable than the average price for Summerfield. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $285,428.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $79 / sq.feet, with an average $153 / sq.feet price in Summerfield. The properties with the highest average prices have 4 bedrooms. They are 173 % more expensive than the average followed by properties with 3 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $658,967 it is 64 % cheaper than the average price in Summerfield. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $234,928 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $79 / sq.feet followed by "House" priced at $301 / sq.feet. "House" is the most costly type of property with a $301 / sq.feet cost followed by "Apartment" with an average price of $79 / sq.feet.