The average price in the South Carolina region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in South Carolina has risen considerably in the last 6 months. During August, the average price per sq.feet was $2,137. The following month (September) the price had a considerable deflation reaching $1,192 per sq.feet. The following two months (October, November) went through a considerable deflation of 12 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 19 %. This has been obtained by comparing the price of $933.5 for the first four months of the sample with regard to the previous 4 months and the price of $174 per sq.feet for the last two months (December, January).
Based upon to the price in South Carolina(region), these have remained the same in the last 6 months. August has an average price of $432,340. During September the price had a slight deflation till $387,007. In the following two months the average price didn't change much compared to the previous two going from $409,673.5 to $403,155. During the last two months the price has risen 112 % compared to the previous average values going from $406,414.25 a $456,147 in December and January.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 62 % more affordable than the average price in South Carolina followed by those with 2 with an average price of $261,575. The most costly properties have 4 bedrooms. They are 8 % more expensive than the average followed by those properties with 3 bedrooms priced at $343,074.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $177 / sq.feet being $189 / sq.feet the average value within the South Carolina region. The properties with the most expensive average price are those with 1 bedroom. These are 46 % more costly than the average followed by those with 2 bedrooms with a price of $187 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $512,326 it is 80 % more affordable than the average in South Carolina. This is followed by "Condo" with a price of $505,564. The dearest property type is "Commercial" and is 105 % more expensive than the average, followed by "House" with a cost of $806,989.
Based on the average cost per sq.feet the most costly property type is "Land with a an average price of $209 / sq.feet, followed by "Townhouse" with a price of $225 / sq.feet. "Commercial" with an average price of $200,065 / sq.feet is the most costly type of property followed by "Condo" at a price of $289 / sq.feet.