The average price in the North Carolina 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 North Carolina has increased strongly in the last 6 months. During March, the average price per sq.feet was $225. The following month the price decreased to $205 per sq.feet. In the following two months (May, June) the price per sq.feet has risen strongly to a 115 %. In the last two months, the price per sq.feet has had a significant increase of 135 %. This has been obtained by comparing the price of $231.25 for the first four months of the sample with regard to the previous 4 months and the price of $312.5 per sq.feet for the last two months (July, August).
Based upon to the price in North Carolina(region), these have remained the same in the last 6 months. March has an average price of $497,242. During April the price had a strong deflation till $418,445. The price in the following months (May, June) had a strong increment of 118 % going from $457,843.5 to $539,035. During the last two months the average price has remained stagnant and has gone from $498,439.25 to $496,410.5 during July and August.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 44 % more affordable than the average price in North Carolina followed by those with 2 with an average price of $310,160. The most costly properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $428,503.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $230 / sq.feet being $312 / sq.feet the average value within the North Carolina region. The properties with the most expensive average price are those with 1 bedroom. These are 38 % more costly than the average followed by those with 3 bedrooms with a price of $272 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $475,105 it is 76 % more affordable than the average in North Carolina. This is followed by "Condo" with a price of $342,709. The dearest property type is "House" and is 14 % more expensive than the average, followed by "Apartment" with a cost of $480,110.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $219 / sq.feet, followed by "Detached House" with a price of $222 / sq.feet. "Land" with an average price of $1,823 / sq.feet is the most costly type of property followed by "Apartment" at a price of $317 / sq.feet.