The prices in real estate in Saint Simons Island, in the Georgia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Saint Simons Island has increased during the last 6 months. In February, the average price per sq.feet was $248. In March this price pretty much remained the same at a value of $244 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $246 to $279 per sq.feet. The price per sq.feet has increased 115 % 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 $262.5 to $301.5 during June, and July.
Based upon to the price in Saint Simons Island (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $515,117. In March This price remains at $518,884. During the following two months (April, May) the average price had a considerable increase of 146 % 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 147 % 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 $721,010 they are 74 % more affordable than the average price for Saint Simons Island. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $420,194.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $215 / sq.feet, with an average $265 / sq.feet price in Saint Simons Island. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $253 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $721,010 it is 58 % cheaper than the average price in Saint Simons Island. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $532,164 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $248 / sq.feet followed by "Condo" priced at $305 / sq.feet. "Apartment" is the most costly type of property with a $471 / sq.feet cost followed by "Townhouse" with an average price of $460 / sq.feet.