The prices in real estate in Hilton Head Island, in the South Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Hilton Head Island has fallen in the last 6 months. In November, the average price per sq.feet was $522. In December this price pretty much remained the same at a value of $527 per sq.feet. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $504.25 to $479 during March, and April.
Based upon to the price in Hilton Head Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $815,310. During December the price went through a considerable rise reaching $1,096,766. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,109,002 they are 64 % more affordable than the average price for Hilton Head Island. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $877,705.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $420 / sq.feet, with an average $499 / sq.feet price in Hilton Head Island. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at $524 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $1,109,002 it is 60 % cheaper than the average price in Hilton Head Island. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,380,533 it is 66 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $190 / sq.feet followed by "Condo" priced at $455 / sq.feet. "Land" is the most costly type of property with a $1,045,810 / sq.feet cost followed by "House" with an average price of $559 / sq.feet.