The prices in real estate in Pawleys Island, in the South Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Pawleys Island has fallen in the last 6 months. In October, the average price per sq.feet was $309. In the following month the price per sq.feet decreased to $266. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 112 % 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 $279.75 to $314 during February, and March.
Based upon to the price in Pawleys Island (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $675,602. In November This price remains at $660,874. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 118 % 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 $691,555 they are 59 % more affordable than the average price for Pawleys Island. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $559,983.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $260 / sq.feet, with an average $309 / sq.feet price in Pawleys Island. The properties with the highest average prices have 1 bedroom. They are 76 % more expensive than the average followed by properties with 4 bedrooms with a price at $348 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $691,555 it is 67 % cheaper than the average price in Pawleys Island. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $418,575 it is 18 % 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 $244 / sq.feet followed by "Condo" priced at $291 / sq.feet. "Land" is the most costly type of property with a $109,306 / sq.feet cost followed by "House" with an average price of $316 / sq.feet.