The prices in real estate in Pawleys Island, 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 Pawleys Island has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $4,518. In the following month the price per sq.feet increased to $5,125. The price for the following two months in (September, October) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $4,124.75 to $188.5 during November, and December.
Based upon to the price in Pawleys Island (cities), these have remained the same in the last 6 months. The price in July is $438,296, rising in August till $479,518. In the following two months the average price has remained the same with regard to the previous two months from $458,907 to $437,098. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $448,002.5 to $394,429.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $356,979 they are 21 % more affordable than the average price for Pawleys Island. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $349,463.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $144 / sq.feet, with an average $182 / sq.feet price in Pawleys Island. The properties with the highest average prices have 4 bedrooms. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at $238 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $356,979 it is 14 % cheaper than the average price in Pawleys Island. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $308,743 it is 6 % 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 $146 / sq.feet followed by "Condo" priced at $167 / sq.feet. "Condo" is the cheapest type of property with a $167 / sq.feet value followed by "House" with an average price of $146 / sq.feet.