The prices in real estate in Johns Island, 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 Johns Island has increased strongly during the last 6 months. In July, the average price per sq.feet was $160. In the following month the price per sq.feet increased considerably to $222. In the following two months the price per sq.feet has increased 110 %, going from $191 to $211 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 $201 to $252.5 during November, and December.
Based upon to the price in Johns Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $349,546. During August the price went through a considerable rise reaching $553,511. During the following two months (September, October) the average price had a considerable increase of 119 % 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 140 % 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 $641,806 they are 42 % more affordable than the average price for Johns Island. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $487,877.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $220 / sq.feet, with an average $236 / sq.feet price in Johns Island. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $271 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $641,806 it is 48 % cheaper than the average price in Johns Island. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $346,889 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $141 / sq.feet followed by "Condo" priced at $143 / sq.feet. "House" is the cheapest type of property with a $160 / sq.feet value followed by "Condo" with an average price of $143 / sq.feet.