The prices in real estate in Orangeburg, in the South 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 Orangeburg has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $238. In the following month the price per sq.feet decreased considerably to $76. The price for the following two months in (September, October) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $114.25 to $66.5 during November, and December.
Based upon to the price in Orangeburg (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is $167,113. In August This price remains at $162,260. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $156,190.75 to $133,644.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $124,876 they are 20 % more expensive than the average price for Orangeburg. Following this ranking we find those properties with 2 at an average price of $160,484. The properties with the highest average price have 2 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 1 bedroom priced at $150,355.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $98 / sq.feet, with an average $63 / sq.feet price in Orangeburg. The properties with the highest average prices have 2 bedrooms. They are 63 % more expensive than the average followed by properties with 1 bedroom with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $124,876 it is 53 % cheaper than the average price in Orangeburg. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $96,602 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $17 / sq.feet followed by "Duplex" priced at $86 / sq.feet. "Condo" is the most costly type of property with a $7,592 / sq.feet cost followed by "House" with an average price of $103 / sq.feet.