The rent prices in real estate in Key Biscayne, in the Florida region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Key Biscayne has barely changed in 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 $19.64. The price for the following two months in (April, May) had a considerable fall of 68 with regard to the previous two months. The price per sq.feet has had a considerable rise of 124 % 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 $15.1 to $18.66 during June, and July.
When referring to the price in Key Biscayne (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $9,420. During March the price went through a considerable rise reaching $11,349. During the following two months (April, May) the average price had a considerable rise of 117 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $11,270 to $10,115.5 in 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 $10,316 they are 63 % more affordable than the average price for Key Biscayne . The properties with the highest average price have 4 bedrooms, Their price is 110 % more expensive than the average. After that we have properties with 3 bedrooms priced at $12,033.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $4.86 / sq.feet, with an average $29.48 / sq.feet price in Key Biscayne. The properties with the most affordable average prices have 4 bedrooms. They are 74 % more affordable than the average followed by properties with 3 bedrooms with a price at $5.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $10,316 it is 48 % more affordable than the average price in Key Biscayne. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Condo". At a price of $10,901 it is 149 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $5.5 / sq.feet followed by "Condo" priced at $35.76 / sq.feet. "Villa" is the most expensive type of property with a $80.62 / sq.feet value followed by "Townhouse" with an average price of $61.85 / sq.feet.