The prices in real estate in Port Royal, in the South Carolina 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 Port Royal has increased strongly during the last 6 months. In October, the average price per sq.feet was $346. In November this price pretty much remained the same at a value of $335 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 690 %. The price per sq.feet has had a considerable increase of 168 % 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 $1,345.5 to $2,267 during February, and March.
Based upon to the price in Port Royal (cities), this has gone up in the last 6 months. The price in October is $486,851, rising in November till $512,878. During the following two months (December, January) the price has had an average incrementation from $499,864.5 to $552,622. 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 $526,243.25 and $509,139 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 $524,511 they are 66 % more affordable than the average price for Port Royal. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $285,381.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $4,099 / sq.feet price in Port Royal. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 3 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $524,511 it is 66 % cheaper than the average price in Port Royal. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $179,403 it is 65 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $492 / sq.feet followed by "House" priced at $18,901 / sq.feet. "House" is the most costly type of property with a $18,901 / sq.feet cost followed by "Condo" with an average price of $492 / sq.feet.