The prices in real estate in Sweetwater, 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 Sweetwater has increased strongly during the last 6 months. In February, the average price per sq.feet was $138. In the following month the price per sq.feet increased to $148. The price for the following two months in (April, May) had a considerable increment of 123 %. The price per sq.feet has increased 107 % 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 $159.75 to $171 during June, and July.
Based upon to the price in Sweetwater (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $234,707. During March the price went through a considerable rise reaching $297,845. During the following two months (April, May) the average price had a considerable increase of 128 % with regard to the previous two months. 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 $303,211 and $309,935 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $285,344 they are 25 % more expensive than the average price for Sweetwater. Following this ranking we find those properties with 1 at an average price of $360,883. The properties with the highest average price have 1 bedroom, Their price is 26 % more costly than the average. After that we have properties with 2 bedrooms priced at $357,285.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,135 / sq.feet, with an average $168 / sq.feet price in Sweetwater. The properties with the highest average prices have 1 bedroom. They are 588 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,135 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $285,344 it is 59 % cheaper than the average price in Sweetwater. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $117,706 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $31 / sq.feet followed by "House" priced at $1,135 / sq.feet. "House" is the most costly type of property with a $1,135 / sq.feet cost followed by "Townhouse" with an average price of $31 / sq.feet.