The prices in real estate in Greer, 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 Greer has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $3,206. In the following month the price per sq.feet increased to $3,545. The price for the following two months in (November, December) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 47 % 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 $2,792 to $1,309 during January, and February.
Based upon to the price in Greer (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $464,525. In October This price remains at $458,884. During the following two months (November, December) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $441,350 to $392,071 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $371,930 they are 29 % more affordable than the average price for Greer. The properties with the lowest average price have 2 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 1 bedroom priced at $263,958.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $89 / sq.feet, with an average $1,249 / sq.feet price in Greer. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $89 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $371,930 it is 29 % cheaper than the average price in Greer. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $300,647 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $29 / sq.feet followed by "Detached House" priced at $53 / sq.feet. "Townhouse" is the cheapest type of property with a $129 / sq.feet value followed by "House" with an average price of $89 / sq.feet.