The prices in real estate in Tellico Plains, in the Tennessee region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Tellico Plains has increased during the last 6 months. In December, the average price per sq.feet was $205. In the following month the price per sq.feet increased to $224. In the following two months the price per sq.feet has barely changed, going from $214.5 to $217 per sq.feet. The price per sq.feet has increased 111 % 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 $215.75 to $239 during April, and May.
Based upon to the price in Tellico Plains (cities), this has fallen considerably in the last 6 months. The average price for December is $500,638. During January the price had a considerable reduction till $425,327. During the following two months (February, March) the average price had a considerable reduction of 81 % 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 $419,072.5 and $422,254 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $450,228 they are 62 % more affordable than the average price for Tellico Plains. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $441,250.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $180 / sq.feet, with an average $247 / sq.feet price in Tellico Plains. The properties with the highest average prices have 2 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $450,228 it is 68 % cheaper than the average price in Tellico Plains. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $142,258 it is 7 % 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 $40 / sq.feet followed by "House" priced at $229 / sq.feet. "House" is the cheapest type of property with a $229 / sq.feet value followed by "Apartment" with an average price of $40 / sq.feet.