The prices in real estate in Sullivans Island, 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 Sullivans Island has increased strongly during the last 6 months. In April, the average price per sq.feet was $748. In the following month the price per sq.feet increased considerably to $1,140. In the following two months the price per sq.feet has barely changed, going from $944 to $986 per sq.feet. The price per sq.feet has decreased 94 % 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 $965 to $903.5 during August, and September.
Based upon to the price in Sullivans Island (cities), this has gone up considerably in the last 6 months. The average price for April is $2,828,250. During May the price had a considerable reduction till $1,974,750. During the following two months (June, July) the average price had a considerable increase of 158 % 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 120 % 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 $2,539,294 they are 86 % more affordable than the average price for Sullivans Island. The properties with the lowest average price have 2 bedrooms, Their price is 28 % cheaper than the average. After that we have properties with 1 bedroom priced at $345,324.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $522 / sq.feet, with an average $745 / sq.feet price in Sullivans Island. The properties with the lowest average prices have 2 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at $522 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,539,294 it is 28 % cheaper than the average price in Sullivans Island. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $1,838,729 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $625 / sq.feet followed by "House" priced at $719 / sq.feet. "House" is the cheapest type of property with a $719 / sq.feet value followed by "Apartment" with an average price of $625 / sq.feet.