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 September, the average price per sq.feet was $211. In the following month the price per sq.feet decreased to $192. The price for the following two months in (November, December) had a considerable increment of 134 %. The price per sq.feet has increased 115 % 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 $235.5 to $270.5 during January, and February.
Based upon to the price in Townsend (cities), these have remained the same in the last 6 months. The average price for September is $796,338. During October the price had a considerable reduction till $642,060. During the following two months (November, December) the average price had a considerable increase of 135 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $843,460.5 to $604,406, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $600,787 they are 57 % more affordable than the average price for Townsend. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 2 bedrooms priced at $682,978.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $283 / sq.feet price in Townsend. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $230 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $600,787 it is 34 % cheaper than the average price in Townsend. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $399,005 it is 55 % 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 $164 / sq.feet followed by "House" priced at $230 / sq.feet. "House" is the cheapest type of property with a $230 / sq.feet value followed by "Condo" with an average price of $164 / sq.feet.