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 March, the average price per sq.feet was $242. In the following month the price per sq.feet increased considerably to $323. The price for the following two months in (May, June) had a considerable increment of 130 %. The price per sq.feet has had a considerable deflation of 78 % 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 $324.75 to $254.5 during July, and August.
Based upon to the price in Townsend (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $683,814. During April the price went through a considerable rise reaching $1,127,560. During the following two months (May, June) the average price had a considerable increase of 155 % 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 $1,154,044.25 to $825,287.5, which means a 72 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 4 % more costly than the average price of $937,022 in Townsend. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 4 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 6 % cheaper than the average price of ($236 / 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 6 % 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 $902,100 it is 56 % 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 $401,411 it is 4 % 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 $170 / sq.feet followed by "House" priced at $236 / sq.feet. "House" is the cheapest type of property with a $236 / sq.feet value followed by "Condo" with an average price of $170 / sq.feet.