The prices in real estate in Watkinsville, in the Georgia 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 Watkinsville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,444. In the following month the price per sq.feet decreased considerably to $227. The price for the following two months in (December, January) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 43 % 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 $1,284.25 to $546.5 during February, and March.
Based upon to the price in Watkinsville (cities), these have remained the same in the last 6 months. The price in October is $634,546, rising in November till $680,836. In the following two months the average price has remained the same with regard to the previous two months from $657,691 to $654,969. 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 $656,330 and $651,101 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $645,254 they are 66 % more affordable than the average price for Watkinsville. The properties with the lowest average price have 4 bedrooms, Their price is 41 % cheaper than the average. After that we have properties with 1 bedroom priced at $371,015.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $863 / sq.feet price in Watkinsville. The properties with the lowest average prices have 1 bedroom. They are 62 % cheaper than the average followed by properties with 2 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $645,254 it is 44 % cheaper than the average price in Watkinsville. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $394,092 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $76 / sq.feet followed by "House" priced at $79 / sq.feet. "Condo" is the cheapest type of property with a $81 / sq.feet value followed by "House" with an average price of $79 / sq.feet.