The prices in real estate in Little River, in the South Carolina region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Little River has increased strongly during the last 6 months. In November, the average price per sq.feet was $172. In December this price pretty much remained the same at a value of $170 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $171 to $185.5 per sq.feet. The price per sq.feet has had a considerable increase of 212 % 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 $178.25 to $377 during March, and April.
Based upon to the price in Little River (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $388,586. In December This price remains at $377,530. In the following two months the average price has remained the same with regard to the previous two months from $383,058 to $370,327.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $376,692.75 and $369,796.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $357,795 they are 53 % more affordable than the average price for Little River. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $364,795.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $190 / sq.feet price in Little River. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 1 bedroom with a price at $225 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $357,795 it is 27 % cheaper than the average price in Little River. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $399,195 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $168 / sq.feet followed by "House" priced at $185 / sq.feet. "Land" is the most costly type of property with a $27,463 / sq.feet cost followed by "Condo" with an average price of $214 / sq.feet.