The prices in real estate in Tullahoma, 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 Tullahoma has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $271. In the following month the price per sq.feet decreased considerably to $115. The price for the following two months in (January, February) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $155.5 to $126 during March, and April.
Based upon to the price in Tullahoma (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $254,024. In December This price remains at $250,504. During the following two months (January, February) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $245,533.75 and $247,463 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $243,178 they are 28 % more affordable than the average price for Tullahoma. The properties with the lowest average price have 1 bedroom, Their price is 27 % cheaper than the average. After that we have properties with 2 bedrooms priced at $177,156.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $134 / sq.feet, with an average $131 / sq.feet price in Tullahoma. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $243,178 it is 28 % cheaper than the average price in Tullahoma. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $176,270 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $134 / sq.feet followed by "Duplex" priced at $281 / sq.feet. "Duplex" is the most costly type of property with a $281 / sq.feet cost followed by "House" with an average price of $134 / sq.feet.