The prices in real estate in South Padre Island, in the Texas 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 South Padre Island has fallen in the last 6 months. In November, the average price per sq.feet was $279. In the following month the price per sq.feet decreased considerably to $226. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 $245.75 to $261 during March, and April.
Based upon to the price in South Padre Island (cities), this has fallen considerably in the last 6 months. The average price for November is $425,580. During December the price had a considerable reduction till $292,556. In the following two months the average price has remained the same with regard to the previous two months from $359,068 to $373,958. 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 $366,513 and $374,689.5 between March and April.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 19 % more costly than the average price of $372,836 in South Padre Island. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 19 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 8 % cheaper than the average price of ($236 / sq.feet) in South Padre Island. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 8 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $312,000 it is 73 % cheaper than the average price in South Padre Island. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $84,235 it is 19 % 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 $6 / sq.feet followed by "House" priced at $236 / sq.feet. "House" is the cheapest type of property with a $236 / sq.feet value followed by "Townhouse" with an average price of $6 / sq.feet.