The average price in the North Carolina region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in North Carolina has increased in the last 6 months. During February, the average price per sq.feet was $201. In March the price pretty much stayed the same at $208 per sq.feet. The following two months (April, May) went through an increase of 111 % in the price per sq.feet rising from $204.5 to $227.5 per sq.feet. In the last two months, the price per sq.feet has increased 105 %. This has been obtained by comparing the price $216 for the first four months of the sample with regard to the previous 4 months and the price $227.5 per sq.feet for the last two months (June, July).
Based upon to the price in North Carolina(region), this has increased considerably in the last 6 months. The average price in February is $433,304. In March the price increased to $477,002. The price in the following months (April, May) had a strong increment of 118 % going from $455,153 to $537,639.5. During the last two months the average price has remained stagnant and has gone from $496,396.25 to $485,237 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 36 % more affordable than the average price in North Carolina followed by those with 2 with an average price of $298,889. The most costly properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $404,496.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $217 / sq.feet being $217 / 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 90 % more costly than the average followed by those with 2 bedrooms with a price of $251 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $460,613 it is 61 % more affordable than the average in North Carolina. This is followed by "Condo" with a price of $406,448. The dearest property type is "Commercial" and is 118 % more expensive than the average, followed by "House" with a cost of $487,153.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $210 / sq.feet, followed by "Townhouse" with a price of $238 / sq.feet. "Commercial" with an average price of $63,968 / sq.feet is the most costly type of property followed by "Land" at a price of $8,403 / sq.feet.