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 December, the average price per sq.feet was $2,057. In January this price pretty much remained the same at a value of $2,112 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $2,084.5 to $2,365 per sq.feet. The price per sq.feet has had a considerable increase of 164 % 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 $2,224.75 to $3,659.5 during April, and May.
Based upon to the price in Bal Harbour (cities), these have remained the same in the last 6 months. The average price for December is $2,132,212. During January the price had a slight fall till $1,906,609. In the following two months the average price has remained the same with regard to the previous two months from $2,019,410.5 to $2,108,939.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $2,728,080 they are 69 % more affordable than the average price for Bal Harbour. The properties with the highest average price have 4 bedrooms, Their price is 233 % more costly than the average. After that we have properties with 3 bedrooms priced at $4,301,029.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $878 / sq.feet, with an average $4,575 / sq.feet price in Bal Harbour. The properties with the lowest average prices have 4 bedrooms. They are 60 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,461 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,728,080 it is 12 % cheaper than the average price in Bal Harbour. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $9,532,957 it is 441 % 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 $1,133 / sq.feet followed by "Townhouse" priced at $8,789 / sq.feet. "House" is the most costly type of property with a $10,823,345 / sq.feet cost followed by "Villa" with an average price of $18,380 / sq.feet.