The prices in real estate in Winston Salem, 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 Winston Salem has increased strongly during the last 6 months. In March, the average price per sq.feet was $120. In April this price pretty much remained the same at a value of $115 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 252 %. The price per sq.feet has had a considerable deflation of 77 % 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 $206.75 to $159.5 during July, and August.
Based upon to the price in Winston Salem (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $249,237. In April This price remains at $259,403. During the following two months (May, June) the average price had a considerable increase of 262 % with regard to the previous two months. 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 $460,614 and $445,316.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $410,050 they are 53 % more affordable than the average price for Winston Salem. The properties with the lowest average price have 4 bedrooms, Their price is 47 % cheaper than the average. After that we have properties with 1 bedroom priced at $211,904.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $84 / sq.feet, with an average $159 / sq.feet price in Winston Salem. The properties with the highest average prices have 2 bedrooms. They are 502 % more expensive than the average followed by properties with 4 bedrooms with a price at $101 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $410,050 it is 55 % cheaper than the average price in Winston Salem. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $210,653 it is 48 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $83 / sq.feet followed by "Townhouse" priced at $89 / sq.feet. "Condo" is the most costly type of property with a $176 / sq.feet cost followed by "House" with an average price of $104 / sq.feet.