The prices in real estate in Murrells Inlet, 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 Murrells Inlet has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,985. In August this price pretty much remained the same at a value of $2,840 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 74 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $2,539.25 to $160 during November, and December.
Based upon to the price in Murrells Inlet (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is $353,579. In August This price remains at $348,416. In the following two months the average price has remained the same with regard to the previous two months from $350,997.5 to $349,427.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $350,212.5 to $316,005.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $311,740 they are 27 % more affordable than the average price for Murrells Inlet. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $300,738.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $126 / sq.feet, with an average $163 / sq.feet price in Murrells Inlet. The properties with the highest average prices have 4 bedrooms. They are 73658 % more expensive than the average followed by properties with 2 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $311,740 it is 17 % cheaper than the average price in Murrells Inlet. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $278,030 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $109 / sq.feet followed by "Farm" priced at $116 / sq.feet. "Apartment" is the cheapest type of property with a $130 / sq.feet value followed by "Condo" with an average price of $121 / sq.feet.