The prices in real estate in North Myrtle Beach, 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 Myrtle Beach has increased strongly during the last 6 months. In December, the average price per sq.feet was $182. In January this price pretty much remained the same at a value of $176 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 1382 %. The price per sq.feet has had a considerable increase of 155 % 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 $1,326.75 to $2,054 during April, and May.
Based upon to the price in North Myrtle Beach (cities), these have remained the same in the last 6 months. The price in December is $375,854, rising in January till $400,135. In the following two months the average price has remained the same with regard to the previous two months from $387,994.5 to $374,792.5. 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 $381,393.5 and $387,146 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $393,493 they are 37 % more affordable than the average price for North Myrtle Beach. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 1 bedroom priced at $321,783.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $1,196 / sq.feet price in North Myrtle Beach. The properties with the lowest average prices have 2 bedrooms. They are 86 % cheaper than the average followed by properties with 3 bedrooms with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $393,493 it is 35 % cheaper than the average price in North Myrtle Beach. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $273,803 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $128 / sq.feet followed by "Commercial" priced at $146 / sq.feet. "Condo" is the cheapest type of property with a $165 / sq.feet value followed by "House" with an average price of $152 / sq.feet.