Property prices for sale in Townsend (Tennessee)
The prices in real estate in Townsend, 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 Townsend has increased strongly during the last 6 months. In November, the average price per sq.feet was $378. In the following month the price per sq.feet increased considerably to $466. The price for the following two months in (January, February) had a considerable increment of 397 %. The price per sq.feet has had a considerable increase of 430 % 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 $1,047.75 to $4,509 during March, and April.
Based upon to the price in Townsend (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $702,355. In December This price remains at $701,423. In the following two months the average price has remained the same with regard to the previous two months from $701,889 to $723,271. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $712,580 to $667,139.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $694,203 they are 45 % more affordable than the average price for Townsend. The properties with the highest average price have 3 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 4 bedrooms priced at $734,000.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $1,143 / sq.feet price in Townsend. The properties with the lowest average prices have 1 bedroom. They are 60 % cheaper than the average followed by properties with 2 bedrooms with a price at $402 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $694,203 it is 52 % cheaper than the average price in Townsend. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $424,960 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $355 / sq.feet followed by "House" priced at $359 / sq.feet. "Land" is the most costly type of property with a $82,540 / sq.feet cost followed by "House" with an average price of $359 / sq.feet.
