The prices in real estate in Folly Beach, 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 Folly Beach has fallen in the last 6 months. In August, the average price per sq.feet was $476. In the following month the price per sq.feet decreased to $449. In the following two months the price per sq.feet has barely changed, going from $462.5 to $457.5 per sq.feet. The price per sq.feet has decreased 94 % 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 $460 to $431.5 during December, and January.
Based upon to the price in Folly Beach (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $874,329. In September This price remains at $866,438. In the following two months the average price has remained the same with regard to the previous two months from $870,383.5 to $873,549. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $871,966.25 to $794,591.5 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $670,677 they are 36 % more affordable than the average price for Folly Beach. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at $705,385.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $436 / sq.feet, with an average $407 / sq.feet price in Folly Beach. The properties with the highest average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at $493 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $670,677 it is 10 % more expensive than the average price in Folly Beach. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Land". At a price of $735,252 it is 98 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $457 / sq.feet followed by "House" priced at $588 / sq.feet. "House" is the most costly type of property with a $588 / sq.feet cost followed by "Land" with an average price of $457 / sq.feet.