The rent prices in real estate in Bal Harbour, in the Florida region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bal Harbour has risen strongly during the last 6 months. In January, the average price per sq.feet was $13.24. In the following month the price per sq.feet rose considerably to $21.6. The price for the following two months in (March, April) had a considerable rise of 196 %. The price per sq.feet has had a considerable rise of 135 % 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 $25.79 to $34.79 during May, and June.
When referring to the price in Bal Harbour (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $8,440. During February the price went through a considerable rise reaching $10,262. During the following two months (March, April) the average price had a considerable rise of 161 % 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 had a strong increase of 130 % during the last two months.
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 $16,944 they are 33 % more affordable than the average price for Bal Harbour . The properties with the highest average price have 3 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 4 bedrooms priced at $23,409.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $8.75 / sq.feet, with an average $37.95 / sq.feet price in Bal Harbour. The properties with the most affordable average prices have 1 bedroom. They are 71 % more affordable than the average followed by properties with 3 bedrooms with a price at $10.39 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $16,944 it is 29 % more affordable than the average price in Bal Harbour. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $12,099 it is 38 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $6 / sq.feet. "House" with an average price of $6 / sq.feet has the most affordable price and would be directed at less affluent cities.