The prices in real estate in Sunset Beach, in the North 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 Sunset Beach has increased strongly during the last 6 months. In August, the average price per sq.feet was $135. In September this price pretty much remained the same at a value of $139 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from $137 to $157 per sq.feet. The price per sq.feet has had a considerable increase of 124 % 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 $147 to $182.5 during December, and January.
Based upon to the price in Sunset Beach (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $191,602. In September This price remains at $190,641. During the following two months (October, November) the average price had a considerable increase of 116 % 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 128 % 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 $208,666 they are 52 % more affordable than the average price for Sunset Beach. The properties with the highest average price have 4 bedrooms, Their price is 150 % more costly than the average. After that we have properties with 3 bedrooms priced at $207,290.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $159 / sq.feet price in Sunset Beach. The properties with the highest average prices have 4 bedrooms. They are 75 % more expensive than the average followed by properties with 1 bedroom with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $208,666 it is 4 % cheaper than the average price in Sunset Beach. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $200,440 it is 254 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $122 / sq.feet followed by "House" priced at $380 / sq.feet. "House" is the most costly type of property with a $380 / sq.feet cost followed by "Land" with an average price of $122 / sq.feet.