The prices in real estate in Washburn, 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 Washburn has increased strongly during the last 6 months. In October, the average price per sq.feet was $4,036. In the following month the price per sq.feet decreased considerably to $201. The price for the following two months in (December, January) had a considerable increment of 154 %. The price per sq.feet has had a considerable increase of 693 % 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 $2,695.5 to $18,670 during February, and March.
Based upon to the price in Washburn (cities), this has gone downing the last 6 months. The average price during our first sample month during October, is $346,009. During November the price went through a considerable rise reaching $421,533. During the following two months (December, January) the average price had a considerable reduction of 70 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $326,631 to $281,998 in February and March.