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 June, the average price per sq.feet was $306. In July this price pretty much remained the same at a value of $307 per sq.feet. The price for the following two months in (August, September) had a considerable increment of 214 %. The price per sq.feet has had a considerable deflation of 77 % 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 $480.75 to $372 during October, and November.
Based upon to the price in Townsend (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $628,918. In July This price remains at $602,234. During the following two months (August, September) the price has had an average incrementation from $615,576 to $700,380.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $702,355 they are 40 % more affordable than the average price for Townsend. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $859,807.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $311 / sq.feet, with an average $378 / sq.feet price in Townsend. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $378 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $702,355 it is 68 % cheaper than the average price in Townsend. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $709,434 it is 25 % 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 $345 / sq.feet followed by "House" priced at $370 / sq.feet. "Land" is the most costly type of property with a $74,938 / sq.feet cost followed by "Detached House" with an average price of $404 / sq.feet.