The prices in real estate in Altamonte Springs, in the Florida region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Altamonte Springs has increased strongly during the last 6 months. In February, the average price per sq.feet was $162. In the following month the price per sq.feet increased considerably to $191. The price for the following two months in (April, May) had a considerable increment of 119 %. The price per sq.feet has increased 112 % 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 $193.5 to $216 during June, and July.
Based upon to the price in Altamonte Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $226,335. During March the price went through a considerable rise reaching $284,320. During the following two months (April, May) the average price had a considerable increase of 135 % 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 risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $354,144 they are 61 % more affordable than the average price for Altamonte Springs. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $353,179.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $217 / sq.feet price in Altamonte Springs. The properties with the highest average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $228 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $354,144 it is 44 % cheaper than the average price in Altamonte Springs. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $199,452 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $72 / sq.feet followed by "Duplex" priced at $109 / sq.feet. "House" is the most costly type of property with a $239 / sq.feet cost followed by "Condo" with an average price of $180 / sq.feet.