The rent prices in real estate in Coral Gables, 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 Coral Gables has risen strongly during the last 6 months. In October, the average price per sq.feet was $12.45. In the following month the price per sq.feet rose considerably to $18.85. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable rise of 133 % 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 $14.24 to $19 during February, and March.
When referring to the price in Coral Gables (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $4,592. During November the price went through a considerable rise reaching $5,361. During the following two months (December, January) the price has had an average rise from $4,976.5 to $5,265.5. 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 $5,121 and $5,186.5 between February and March.
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 $5,425 they are 54 % more affordable than the average price for Coral Gables . The properties with the highest average price have 4 bedrooms, Their price is 142 % more expensive than the average. After that we have properties with 3 bedrooms priced at $6,551.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.18 / sq.feet, with an average $25.31 / sq.feet price in Coral Gables. The properties with the most affordable average prices have 4 bedrooms. They are 82 % more affordable than the average followed by properties with 3 bedrooms with a price at $3.64 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $5,425 it is 38 % more affordable than the average price in Coral Gables. "Villa" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Apartment". At a price of $5,695 it is 114 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $3.52 / sq.feet followed by "Condo" priced at $3.56 / sq.feet. "Land" is the most expensive type of property with a $45.05 / sq.feet value followed by "House" with an average price of $37.08 / sq.feet.