The prices in real estate in Winston Salem, 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 Winston Salem has increased during the last 6 months. In December, the average price per sq.feet was $178. In January this price pretty much remained the same at a value of $180 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable increase of 210 % 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 $138.75 to $291 during April, and May.
Based upon to the price in Winston Salem (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $185,780. In January This price remains at $185,444. During the following two months (February, March) the price has had an average incrementation from $185,612 to $208,165. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $196,888.5 to $182,805.5 in 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 $165,028 they are 32 % more affordable than the average price for Winston Salem. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $169,433.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $456 / sq.feet price in Winston Salem. The properties with the highest average prices have 1 bedroom. They are 224 % more expensive than the average followed by properties with 2 bedrooms with a price at $936 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $165,028 it is 9 % cheaper than the average price in Winston Salem. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $189,521 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $93 / sq.feet followed by "Townhouse" priced at $104 / sq.feet. "Condo" is the most costly type of property with a $1,155 / sq.feet cost followed by "Apartment" with an average price of $176 / sq.feet.