The prices in real estate in Myrtle Beach, in the South Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Myrtle Beach has fallen in the last 6 months. In November, the average price per sq.feet was $339. In the following month the price per sq.feet increased considerably to $510. The price for the following two months in (January, February) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $333 to $228 during March, and April.
Based upon to the price in Myrtle Beach (cities), these have remained the same in the last 6 months. The average price for November is $380,508. During December the price had a slight fall till $353,320. In the following two months the average price has remained the same with regard to the previous two months from $366,914 to $371,910. 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 $369,412 and $385,267.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $377,003 they are 48 % more affordable than the average price for Myrtle Beach. The properties with the highest average price have 4 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,564.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $219 / sq.feet, with an average $246 / sq.feet price in Myrtle Beach. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $257 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $377,003 it is 32 % cheaper than the average price in Myrtle Beach. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $506,585 it is 302 % 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 $214 / sq.feet followed by "Condo" priced at $246 / sq.feet. "Land" is the most costly type of property with a $28,270 / sq.feet cost followed by "House" with an average price of $441 / sq.feet.