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 January, the average price per sq.feet was $304. In the following month the price per sq.feet decreased to $278. In the following two months the price per sq.feet has barely changed, going from $291 to $281 per sq.feet. 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 $286 to $297.5 during May y June
Based upon to the price in South Padre Island (cities), this has fallen considerably in the last 6 months. The average price for January is $638,233. During February the price had a considerable reduction till $492,789. During the following two months (March, April) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $495,526 to $458,304 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $493,144 they are 62 % more affordable than the average price for South Padre Island. The properties with the highest average price have 4 bedrooms, Their price is 94 % more costly than the average. After that we have properties with 3 bedrooms priced at $510,000.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $298 / sq.feet, with an average $302 / sq.feet price in South Padre Island. The properties with the highest average prices have 4 bedrooms. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $304 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $493,144 it is 83 % cheaper than the average price in South Padre Island. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $732,237 it is 360 % 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 $235 / sq.feet followed by "House" priced at $608 / sq.feet. "Land" is the most costly type of property with a $10,857 / sq.feet cost followed by "House" with an average price of $608 / sq.feet.