The prices in real estate in Hilton Head Island, in the South Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Hilton Head Island has increased during the last 6 months. In December, the average price per sq.feet was $460. In the following month the price per sq.feet decreased to $407. In the following two months the price per sq.feet has barely changed, going from $433.5 to $454.5 per sq.feet. The price per sq.feet has had a considerable increase of 127 % 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 $444 to $562 during April, and May.
Based upon to the price in Hilton Head Island (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $900,622. In January This price remains at $899,136. During the following two months (February, March) the average price had a considerable increase of 131 % 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 112 % 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 $1,153,945 they are 65 % more affordable than the average price for Hilton Head Island. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $970,632.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $462 / sq.feet, with an average $550 / sq.feet price in Hilton Head Island. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $519 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $1,153,945 it is 64 % cheaper than the average price in Hilton Head Island. "Villa" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $600,311 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $177 / sq.feet followed by "Villa" priced at $213 / sq.feet. "Condo" is the cheapest type of property with a $538 / sq.feet value followed by "House" with an average price of $534 / sq.feet.