The prices in real estate in White Pine, in the Tennessee 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 White Pine has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $3,266. In the following month the price per sq.feet increased considerably to $3,838. The price for the following two months in (May, June) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $1,934.25 to $638.5 during July, and August.
Based upon to the price in White Pine (cities), this has gone up considerably in the last 6 months. The average price for March is $405,808. During April the price had a considerable reduction till $196,970. In the following two months the average price has remained the same with regard to the previous two months from $301,389 to $311,639. Based on an analysis of the first four prices and the last two months the average price has risen strongly 327 % 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 77 % cheaper than the average price of $245,000 in White Pine. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 77 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 83 % cheaper than the average price of ($125 / sq.feet) in White Pine. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 83 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,065,722 it is 77 % cheaper than the average price in White Pine. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Condo". At a price of $268,139 it is 69 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $125 / sq.feet followed by "Condo" priced at $165 / sq.feet. "Townhouse" is the cheapest type of property with a $450 / sq.feet value followed by "Condo" with an average price of $165 / sq.feet.