Property prices for sale in Bal Harbour (Florida)
The prices in real estate in Bal Harbour, 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 Bal Harbour has increased strongly during the last 6 months. In October, the average price per sq.feet was $5,315. In the following month the price per sq.feet increased considerably to $11,661. In the following two months the price per sq.feet has increased 112 %, going from $8,488 to $9,509 per sq.feet. The price per sq.feet has decreased 89 % 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 $8,998.5 to $8,030.5 during February, and March.
Based upon to the price in Bal Harbour (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $3,999,949. During November the price went through a considerable rise reaching $6,603,453. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $5,813,949 to $3,750,343.5, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,317,314 they are 77 % more affordable than the average price for Bal Harbour. The properties with the highest average price have 4 bedrooms, Their price is 193 % more costly than the average. After that we have properties with 3 bedrooms priced at $6,662,930.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $777 / sq.feet, with an average $9,251 / sq.feet price in Bal Harbour. The properties with the lowest average prices have 4 bedrooms. They are 76 % cheaper than the average followed by properties with 3 bedrooms with a price at $2,070 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,317,314 it is 23 % cheaper than the average price in Bal Harbour. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $5,377,243 it is 663 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $1,233 / sq.feet followed by "House" priced at $15,359 / sq.feet. "Villa" is the most costly type of property with a $43,296 / sq.feet cost followed by "Apartment" with an average price of $15,823 / sq.feet.
