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 November, the average price per sq.feet was $1,337. In December this price pretty much remained the same at a value of $1,377 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 463 %. The price per sq.feet has had a considerable increase of 249 % 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 $3,821.25 to $9,525.5 during March, and April.
Based upon to the price in Bal Harbour (cities), these have remained the same in the last 6 months. The price in November is $2,645,808, rising in December till $2,923,093. In the following two months the average price has remained the same with regard to the previous two months from $2,784,450.5 to $2,830,635.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $2,807,543 to $2,410,426 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,201,267 they are 57 % more affordable than the average price for Bal Harbour. The properties with the highest average price have 4 bedrooms, Their price is 134 % more costly than the average. After that we have properties with 3 bedrooms priced at $3,223,640.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $866 / sq.feet, with an average $8,086 / sq.feet price in Bal Harbour. The properties with the lowest average prices have 4 bedrooms. They are 84 % cheaper than the average followed by properties with 2 bedrooms with a price at $1,133 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $2,201,267 it is 4 % more expensive than the average price in Bal Harbour. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Villa". At a price of $7,811,181 it is 458 % 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 $974 / sq.feet followed by "House" priced at $1,412 / sq.feet. "Villa" is the most costly type of property with a $12,963 / sq.feet cost followed by "Townhouse" with an average price of $8,906 / sq.feet.