The prices in real estate in Conway, in the South Carolina region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Conway has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $1,209. In the following month the price per sq.feet decreased considerably to $557. The price for the following two months in (November, December) had a considerable decrease of 15 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $509.25 to $144 during January, and February.
Based upon to the price in Conway (cities), this has gone up in the last 6 months. The average price for September is $216,617. During October the price had a slight fall till $196,324. During the following two months (November, December) the average price had a considerable increase of 121 % 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 risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $281,540 they are 31 % more affordable than the average price for Conway. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 1 bedroom priced at $228,784.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $113 / sq.feet, with an average $147 / sq.feet price in Conway. The properties with the highest average prices have 4 bedrooms. They are 1490 % more expensive than the average followed by properties with 3 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $281,540 it is 28 % cheaper than the average price in Conway. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $204,518 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $92 / sq.feet followed by "House" priced at $102 / sq.feet. "Apartment" is the cheapest type of property with a $103 / sq.feet value followed by "House" with an average price of $102 / sq.feet.