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 $181. In the following month the price per sq.feet increased considerably to $410. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1711 % 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 $228.25 to $3,906 during February, and March.
Based upon to the price in Murrells Inlet (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $295,810. In November This price remains at $302,502. In the following two months the average price has remained the same with regard to the previous two months from $299,156 to $308,100. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $367,439 they are 38 % more affordable than the average price for Murrells Inlet. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $301,946.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $130 / sq.feet, with an average $3,436 / sq.feet price in Murrells Inlet. The properties with the highest average prices have 4 bedrooms. They are 3413 % more expensive than the average followed by properties with 2 bedrooms with a price at $149 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $367,439 it is 29 % cheaper than the average price in Murrells Inlet. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $280,549 it is 18 % 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 $118 / sq.feet followed by "Condo" priced at $125 / sq.feet. "House" is the cheapest type of property with a $134 / sq.feet value followed by "Condo" with an average price of $125 / sq.feet.