The prices in real estate in Belle Glade, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Belle Glade has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $12,748. In the following month the price per sq.feet decreased considerably to $748. The price for the following two months in (May, June) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 16 % 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 $3,458.5 to $566 during July, and August.
Based upon to the price in Belle Glade (cities), this has fallen considerably in the last 6 months. The average price for March is $851,994. During April the price had a considerable reduction till $431,860. During the following two months (May, June) the average price had a considerable reduction of 48 % 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 $475,180.5 to $313,510.5, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,380 they are 53 % more affordable than the average price for Belle Glade. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 7 % more affordable than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $142 / sq.feet, with an average $965 / sq.feet price in Belle Glade. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 77 % cheaper than the average value aforementioned.