The prices in real estate in Ocean Isle Beach, in the North Carolina region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ocean Isle Beach has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $301. In the following month the price per sq.feet decreased considerably to $169. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $211.25 to $214 during February y March
Based upon to the price in Ocean Isle Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $266,662. During November the price went through a considerable rise reaching $340,689. During the following two months (December, January) the average price had a considerable increase of 131 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $467,562 they are 64 % more affordable than the average price for Ocean Isle 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 3 bedrooms priced at $287,138.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $217 / sq.feet price in Ocean Isle Beach. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $223 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $467,562 it is 52 % cheaper than the average price in Ocean Isle Beach. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $222,376 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $128 / sq.feet followed by "Townhouse" priced at $208 / sq.feet. "Townhouse" is the cheapest type of property with a $208 / sq.feet value followed by "House" with an average price of $128 / sq.feet.