The rent prices in real estate in Key Biscayne, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Key Biscayne has had a strong fall during the last 6 months. In July, the average price per sq.feet was $33.71. In August this price barely changed remaining at $33.81 per sq.feet. The price for the following two months in (September, October) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable fall of 27 % 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 $20.92 to $5.74 during November, and December.
When referring to the price in Key Biscayne (cities), there have hardly been any changes in the last 6 months. The rent price in July is $5,044, rising in August till $5,434. In the following two months the average price has hardly changed with regard to the previous two months from $5,239 to $4,985. 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 $5,112 and $5,150.5 between November and December.
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 $5,064 they are 52 % more affordable than the average price for Key Biscayne . The properties with the highest average price have 4 bedrooms, Their price is 136 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,700.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.92 / sq.feet, with an average $5.79 / sq.feet price in Key Biscayne. The properties with the most affordable average prices have 4 bedrooms. They are 30 % more affordable than the average followed by properties with 3 bedrooms with a price at $3.37 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $5,064 it is 52 % more affordable than the average price in Key Biscayne. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "House". At a price of $3,675 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.92 / sq.feet followed by "Condo" priced at $2.96 / sq.feet. "Townhouse" is the most expensive type of property with a $30.74 / sq.feet value followed by "Villa" with an average price of $3.28 / sq.feet.