The rent prices in real estate in Bal Harbour, in the Florida region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Bal Harbour has risen during the last 6 months. In February, the average price per sq.feet was $16.27. In the following month the price per sq.feet rose considerably to $22.95. The price for the following two months in (April, May) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable rise of 132 % 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 $16.31 to $21.49 during June, and July.
When referring to the price in Bal Harbour (cities), there have hardly been any changes in the last 6 months. The rent price in February is $13,018, rising in March till $14,020. In the following two months the average price has hardly changed with regard to the previous two months from $13,519 to $13,038. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $13,278.5 and $13,546.5 between June and July.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $15,091 they are 62 % more affordable than the average price for Bal Harbour . The properties with the highest average price have 3 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 4 bedrooms priced at $30,500.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $5.47 / sq.feet, with an average $31.99 / sq.feet price in Bal Harbour. The properties with the most affordable average prices have 3 bedrooms. They are 66 % more affordable than the average followed by properties with 2 bedrooms with a price at $8.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $15,091 it is 52 % more affordable than the average price in Bal Harbour. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Condo". At a price of $17,453 it is 196 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $5.58 / sq.feet followed by "Condo" priced at $9.46 / sq.feet. "Villa" is the most expensive type of property with a $101.76 / sq.feet value followed by "House" with an average price of $71.08 / sq.feet.