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 March, the average price per sq.feet was $801. In the following month the price per sq.feet increased considerably to $955. The price for the following two months in (May, June) had a considerable increment of 223 %. The price per sq.feet has had a considerable increase of 144 % 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 $1,417 to $2,042.5 during July, and August.
Based upon to the price in Johns Island (cities), this has gone downing the last 6 months. The average price during our first sample month during March, is $538,302. During April the price went through a considerable rise reaching $657,282. During the following two months (May, June) the average price fell 88 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $561,508 to $411,241.5, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $415,164 they are 56 % more affordable than the average price for Johns Island. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $434,741.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $204 / sq.feet, with an average $2,235 / sq.feet price in Johns Island. The properties with the lowest average prices have 4 bedrooms. They are 50 % cheaper than the average followed by properties with 3 bedrooms with a price at $828 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $415,164 it is 29 % cheaper than the average price in Johns Island. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $604,167 it is 251 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $57 / sq.feet followed by "Apartment" priced at $133 / sq.feet. "House" is the most costly type of property with a $4,929 / sq.feet cost followed by "Commercial" with an average price of $2,847 / sq.feet.