The prices in real estate in Murrells Inlet, 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 Murrells Inlet has increased strongly during the last 6 months. In October, the average price per sq.feet was $243. In the following month the price per sq.feet increased considerably to $518. The price for the following two months in (December, January) had a considerable increment of 133 %. The price per sq.feet has had a considerable increase of 210 % 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 $443 to $929 during February, and March.
Based upon to the price in Murrells Inlet (cities), this has gone downing the last 6 months. The average price for October is $502,993. During November the price had a slight fall till $461,051. In the following two months the average price has remained the same with regard to the previous two months from $482,022 to $466,439. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $474,230.5 and $455,537 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $445,808 they are 39 % more affordable than the average price for Murrells Inlet. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $396,028.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $1,468 / sq.feet price in Murrells Inlet. The properties with the highest average prices have 4 bedrooms. They are 200 % more expensive than the average followed by properties with 3 bedrooms with a price at $690 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $445,808 it is 25 % cheaper than the average price in Murrells Inlet. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $841,667 it is 211 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $213 / sq.feet followed by "Condo" priced at $274 / sq.feet. "Land" is the most costly type of property with a $200,107 / sq.feet cost followed by "House" with an average price of $2,559 / sq.feet.