The rent prices in real estate in Key Biscayne, 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 Key Biscayne has risen strongly during the last 6 months. In March, the average price per sq.feet was $3.38. In April this price barely changed remaining at $3.29 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 552 %. The price per sq.feet has had a considerable rise of 310 % 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 $10.88 to $33.76 during July, and August.
When referring to the price in Key Biscayne (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $8,567. In April This price remains at $8,300. During the following two months (May, June) the average price had a considerable fall of 61 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $6,783.75 to $5,239, which means a 77 % fall.
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 $5,434 they are 50 % more affordable than the average price for Key Biscayne . The properties with the highest average price have 4 bedrooms, Their price is 65 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,130.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $129 / sq.feet, with an average $33.81 / sq.feet price in Key Biscayne. The properties with the most expensive average prices have 2 bedrooms. They are 385 % more expensive than the average followed by properties with 1 bedroom with a price at $129 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,434 it is 14 % more affordable than the average price in Key Biscayne. "Villa" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $5,733 it is 6 % 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 $5 / sq.feet followed by "Condo" priced at $211 / sq.feet. "Detached House" is the most expensive type of property with a $317 / sq.feet value followed by "Condo" with an average price of $211 / sq.feet.