The prices in real estate in Wake Forest, in the North Carolina 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 Wake Forest has increased strongly during the last 6 months. In December, the average price per sq.feet was $143. In the following month the price per sq.feet increased to $151. The price for the following two months in (February, March) had a considerable increment of 1709 %. The price per sq.feet has had a considerable increase of 231 % 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 $1,329.75 to $3,067.5 during April, and May.
Based upon to the price in Wake Forest (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $425,129. In January This price remains at $410,682. During the following two months (February, March) the price has had an average incrementation from $417,905.5 to $438,977. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 25 % cheaper than the average price of $371,147 in Wake Forest. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 25 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 95 % cheaper than the average price of ($139 / sq.feet) in Wake Forest. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 95 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $492,251 it is 28 % cheaper than the average price in Wake Forest. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Townhouse". At a price of $371,290 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 $111 / sq.feet followed by "Townhouse" priced at $127 / sq.feet. "Apartment" is the cheapest type of property with a $139 / sq.feet value followed by "Duplex" with an average price of $137 / sq.feet.