The prices in real estate in Ten Mile, in the Tennessee 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 Ten Mile has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $356. In the following month the price per sq.feet decreased considerably to $254. The price for the following two months in (April, May) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $277.75 to $254 during June, and July.
Based upon to the price in Ten Mile (cities), this has gone up considerably in the last 6 months. The price in February is $509,339, rising in March till $559,506. During the following two months (April, May) the average price had a considerable increase of 117 % 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 $579,440 and $600,374.5 between 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 $624,451 they are 76 % more affordable than the average price for Ten Mile. The properties with the highest average price have 3 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at $673,267.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $99 / sq.feet, with an average $260 / sq.feet price in Ten Mile. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $283 / sq.feet.
With regard to the average price based upon the property in Ten Mile we can see that most expensive property type is "House" at a price of $632,352, they are 1 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 1 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $263 / sq.feet. "House" at an average price of $263 / sq.feet has the most expensive price and would be directed at more affluent cities.