The prices in real estate in Wake Forest, in the North Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Wake Forest has increased during the last 6 months. In December, the average price per sq.feet was $194. In January this price pretty much remained the same at a value of $203 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $198.5 to $214 per sq.feet. The price per sq.feet has increased 106 % 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 $206.25 to $219 during April, and May.
Based upon to the price in Wake Forest (cities), this has gone up in the last 6 months. The average price during our first sample month during December, is $537,838. During January the price went through a considerable rise reaching $626,088. During the following two months (February, March) the price has had an average incrementation from $581,963 to $616,822. 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 $599,392.5 and $609,543.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $634,130 they are 76 % more affordable than the average price for Wake Forest. The properties with the lowest average price have 4 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 3 bedrooms priced at $342,317.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $219 / sq.feet price in Wake Forest. The properties with the highest average prices have 4 bedrooms. They are 355 % more expensive than the average followed by properties with 2 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $634,130 it is 58 % cheaper than the average price in Wake Forest. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $347,015 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $87 / sq.feet followed by "Duplex" priced at $91 / sq.feet. "House" is the most costly type of property with a $3,112 / sq.feet cost followed by "Apartment" with an average price of $842 / sq.feet.