The prices in real estate in Tybee Island, in the Georgia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Tybee Island has remained the same in the last 6 months. In January, the average price per sq.feet was $338. In February this price pretty much remained the same at a value of $329 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $333.5 to $333.5 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 $333.5 to $313 during May, and June.
Based upon to the price in Tybee Island (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is $680,163. In February This price remains at $666,099. During the following two months (March, April) the price has had an average incrementation from $673,131 to $723,720. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $918,793 they are 73 % more affordable than the average price for Tybee Island. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 3 bedrooms priced at $567,751.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $318 / sq.feet, with an average $328 / sq.feet price in Tybee Island. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $355 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $918,793 it is 43 % cheaper than the average price in Tybee Island. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $521,680 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $326 / sq.feet followed by "House" priced at $331 / sq.feet. "House" is the most costly type of property with a $331 / sq.feet cost followed by "Condo" with an average price of $326 / sq.feet.