The prices in real estate in Townsend, 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 Townsend has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $262. In the following month the price per sq.feet decreased to $244. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 234 % 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 $126.5 to $296.5 during August, and September.
Based upon to the price in Townsend (cities), this has fallen considerably in the last 6 months. The average price for April is $788,725. During May the price had a considerable reduction till $539,833. During the following two months (June, July) the average price had a considerable reduction of 0 % 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 285 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 11 % cheaper than the average price of $947,395 in Townsend. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 11 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 26 % cheaper than the average price of ($247 / sq.feet) in Townsend. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 26 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,062,760 it is 62 % cheaper than the average price in Townsend. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $405,859 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $181 / sq.feet followed by "House" priced at $247 / sq.feet. "House" is the cheapest type of property with a $247 / sq.feet value followed by "Condo" with an average price of $181 / sq.feet.