The average price in the Georgia region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Georgia has increased strongly in the last 6 months. During February, the average price per sq.feet was $143. In March the price pretty much stayed the same at $138 per sq.feet. In the following two months (April, May) the price per sq.feet has risen strongly to a 167 %. In the last two months, the price per sq.feet has had a significant increase of 305 %. This has been obtained by comparing the price of $187.25 for the first four months of the sample with regard to the previous 4 months and the price of $572 per sq.feet for the last two months (June, July).
Based upon to the price in Georgia(region), this has increased considerably in the last 6 months. In the first month sample February the average price is $316,677. In March the price was the same at $327,002. The price in the following months (April, May) had a strong increment of 124 % going from $321,839.5 to $400,113.5. During the last two months the average price has remained stagnant and has gone from $360,976.5 to $354,009 during June and July.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 62 % more affordable than the average price in Georgia followed by those with 2 with an average price of $206,123. The most costly properties have 4 bedrooms. They are 24 % more expensive than the average followed by those properties with 3 bedrooms priced at $276,047.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $126 / sq.feet being $647 / sq.feet the average value within the Georgia region. The properties with the most expensive average price are those with 4 bedrooms. These are 360 % more costly than the average followed by those with 3 bedrooms with a price of $739 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $336,880 it is 55 % more affordable than the average in Georgia. This is followed by "Condo" with a price of $347,599. The dearest property type is "Commercial" and is 74 % more expensive than the average, followed by "Farm" with a cost of $488,525.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $206 / sq.feet, followed by "Condo" with a price of $254 / sq.feet. "House" with an average price of $2,823 / sq.feet is the most costly type of property followed by "Commercial" at a price of $972 / sq.feet.