The prices in real estate in Oak Island, in the North 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 Oak Island has increased strongly during the last 6 months. In March, the average price per sq.feet was $479. In the following month the price per sq.feet increased considerably to $1,465. In the following two months the price per sq.feet has barely changed, going from $972 to $1,006.5 per sq.feet. The price per sq.feet has decreased 93 % 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 $989.25 to $918 during July, and August.
Based upon to the price in Oak Island (cities), this has gone up in the last 6 months. The price in March is $327,835, rising in April till $352,031. In the following two months the average price has remained the same with regard to the previous two months from $339,933 to $337,111.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 29 % cheaper than the average price of $333,736 in Oak Island. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 29 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 46 % cheaper than the average price of ($250 / sq.feet) in Oak Island. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 46 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Oak Island we can see that the cheapest property type is "House" at a price of $333,736, they are 29 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 29 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $250 / sq.feet. "House" with an average cost of $250 / sq.feet has the lowest price and would be directed at less affluent cities.