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 September, the average price per sq.feet was $440. In October this price pretty much remained the same at a value of $420 per sq.feet. The price for the following two months in (November, December) decreased 95 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $418.75 to $407.5 during January y February
Based upon to the price in South Padre Island (cities), this has gone downing the last 6 months. The average price for September is $801,548. During October the price had a slight fall till $695,415. In the following two months the average price has remained the same with regard to the previous two months from $748,481.5 to $720,577. 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 $734,529.25 to $642,877.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $644,008 they are 58 % more affordable than the average price for South Padre Island. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $777,089.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $382 / sq.feet, with an average $408 / sq.feet price in South Padre Island. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $395 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $644,008 it is 88 % cheaper than the average price in South Padre Island. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $581,708 it is 58 % 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 $292 / sq.feet followed by "House" priced at $379 / sq.feet. "Condo" is the cheapest type of property with a $405 / sq.feet value followed by "House" with an average price of $379 / sq.feet.