The prices in real estate in Villa Rica, in the Georgia 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 Villa Rica has increased strongly during the last 6 months. In April, the average price per sq.feet was $82. In the following month the price per sq.feet increased to $89. The price for the following two months in (June, July) had a considerable increment of 121 %. The price per sq.feet has increased 108 % 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 $94.5 to $102.5 during August, and September.
Based upon to the price in Villa Rica (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $191,044. In May This price remains at $200,420. During the following two months (June, July) the average price had a considerable increase of 117 % 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 gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $312,676 they are 29 % more affordable than the average price for Villa Rica. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at $240,043.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $115 / sq.feet, with an average $137 / sq.feet price in Villa Rica. The properties with the lowest average prices have 2 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $312,676 it is 40 % cheaper than the average price in Villa Rica. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $263,534 it is 57 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $114 / sq.feet followed by "Condo" priced at $157 / sq.feet. "Land" is the most costly type of property with a $294 / sq.feet cost followed by "Condo" with an average price of $157 / sq.feet.