The prices in real estate in Ocean Springs, in the Mississippi 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 Ocean Springs has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,815. In the following month the price per sq.feet decreased to $1,711. The price for the following two months in (June, July) had a considerable increment of 140 %. The price per sq.feet has decreased 95 % 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 $2,113.75 to $2,007.5 during August, and September.
Based upon to the price in Ocean Springs (cities), this has gone up in the last 6 months. The price in April is $245,234, rising in May till $271,607. In the following two months the average price has remained the same with regard to the previous two months from $258,420.5 to $258,286. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 28 % cheaper than the average price of $218,788 in Ocean Springs. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 28 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 74 % cheaper than the average price of ($464 / sq.feet) in Ocean Springs. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 74 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $305,996 it is 40 % cheaper than the average price in Ocean Springs. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $218,788 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $53 / sq.feet followed by "Townhouse" priced at $82 / sq.feet. "Apartment" is the cheapest type of property with a $464 / sq.feet value followed by "Condo" with an average price of $459 / sq.feet.