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 May, the average price per sq.feet was $281. The following month (June) the price had a considerable increase reaching $497 per sq.feet. In the following two months (July, August) the price per sq.feet has risen strongly to a 137 %. In the last two months, the price per sq.feet has had a significant decrease of 36 %. This has been obtained by comparing the price of $461.5 for the first four months of the sample with regard to the previous 4 months and the price of $164.5 per sq.feet for the last two months (September, October).
Based upon to the price in Georgia (region), this has decreased in the last 6 months. In the first month sample May the average price is $383,343. In June the price was the same at $371,138. The average price for the following two months (July, August) decreased 87 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $353,403.25 to $370,887 during September and October.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 49 % more affordable than the average price in Georgia followed by those with 2 with an average price of $236,681. The cheapest properties have 4 bedrooms. They are 1 % cheaper than the average followed by those properties with 3 bedrooms priced at $290,028.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $138 / sq.feet being $156 / sq.feet the average value within the Georgia region. The properties with the most expensive average price are those with 1 bedroom. These are 43 % more costly than the average followed by those with 2 bedrooms with a price of $160 / sq.feet.
The graph displaying the average price according to the property type shows "Condo" as the cheapest one. With an average cost of $364,115 it is 18 % more affordable than the average in Georgia. This is followed by "House" with a price of $379,810. The dearest property type is "Commercial" and is 174 % more expensive than the average, followed by "Farm" with a cost of $496,705.
Based on the average cost per sq.feet the most costly property type is "House with a an average price of $157 / sq.feet, followed by "Townhouse" with a price of $176 / sq.feet. "Farm" with an average price of $1,943 / sq.feet is the most costly type of property followed by "Commercial" at a price of $942 / sq.feet.