The prices in real estate in Piedmont, 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 Piedmont has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $22,895. In the following month the price per sq.feet decreased considerably to $781. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable increase of 134 % 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 $9,599.25 to $12,823.5 during February, and March.
Based upon to the price in Piedmont (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $354,697. In November This price remains at $346,600. In the following two months the average price has remained the same with regard to the previous two months from $350,648.5 to $358,699. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $354,673.75 and $365,329 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $361,006 they are 23 % more affordable than the average price for Piedmont. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,496.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $190 / sq.feet, with an average $8,388 / sq.feet price in Piedmont. The properties with the highest average prices have 2 bedrooms. They are 683 % more expensive than the average followed by properties with 1 bedroom with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $361,006 it is 49 % cheaper than the average price in Piedmont. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $347,713 it is 12 % 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 $53 / sq.feet followed by "Detached House" priced at $172 / sq.feet. "Land" is the most costly type of property with a $51,230 / sq.feet cost followed by "Condo" with an average price of $281 / sq.feet.