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 January, the average price per sq.feet was $382. In the following month the price per sq.feet increased to $417. In the following two months the price per sq.feet has increased 113 %, going from $399.5 to $450.5 per sq.feet. The price per sq.feet has increased 109 % 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 $425 to $464.5 during May, and June.
Based upon to the price in Oak Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $619,878. During February the price went through a considerable rise reaching $742,241. During the following two months (March, April) the price has had an average incrementation from $681,059.5 to $777,133. 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 $729,096.25 and $749,807.5 between May and June.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 58 % cheaper than the average price of $326,458 in Oak Island. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 58 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % cheaper than the average price of ($228 / 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 50 % 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 $326,458, they are 58 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 58 % 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 $228 / sq.feet. "House" with an average cost of $228 / sq.feet has the lowest price and would be directed at less affluent cities.