The prices in real estate in Summerfield, 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 Summerfield has increased strongly during the last 6 months. In July, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $137. The price for the following two months in (September, October) had a considerable increment of 222 %. The price per sq.feet has had a considerable increase of 142 % 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 $110.25 to $157 during November, and December.
Based upon to the price in Summerfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is . During August the price went through a considerable rise reaching $483,853. During the following two months (September, October) the average price had a considerable increase of 221 % 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 149 % 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 $605,046 they are 61 % more affordable than the average price for Summerfield. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 3 bedrooms priced at $287,437.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $86 / sq.feet, with an average $160 / sq.feet price in Summerfield. The properties with the highest average prices have 4 bedrooms. They are 166 % more expensive than the average followed by properties with 3 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $605,046 it is 61 % 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 $236,583 it is 32 % 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 $86 / sq.feet followed by "House" priced at $308 / sq.feet. "House" is the most costly type of property with a $308 / sq.feet cost followed by "Apartment" with an average price of $86 / sq.feet.