The prices in real estate in North Charleston, 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 North Charleston has increased strongly during the last 6 months. In May, the average price per sq.feet was $134. In June this price pretty much remained the same at a value of $131 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 240 %. The price per sq.feet has had a considerable deflation of 61 % 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 $225 to $137.5 during September, and October.
Based upon to the price in North Charleston (cities), these have remained the same in the last 6 months. The price in May is $272,546, rising in June till $306,543. In the following two months the average price has remained the same with regard to the previous two months from $289,544.5 to $278,195.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $283,870 to $247,854 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $237,851 they are 42 % more affordable than the average price for North Charleston. 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 1 bedroom priced at $286,185.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $137 / sq.feet price in North Charleston. The properties with the highest average prices have 2 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $156 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $237,851 it is 47 % cheaper than the average price in North Charleston. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $315,560 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $108 / sq.feet followed by "Townhouse" priced at $129 / sq.feet. "House" is the most costly type of property with a $984 / sq.feet cost followed by "Apartment" with an average price of $153 / sq.feet.