The prices in real estate in Biloxi, in the Mississippi 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 Biloxi has increased strongly during the last 6 months. In August, the average price per sq.feet was $107. In September this price pretty much remained the same at a value of $109 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $108 to $113 per sq.feet. The price per sq.feet has had a considerable increase of 424 % 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 $110.5 to $468.5 during December, and January.
Based upon to the price in Biloxi (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $247,487. In September This price remains at $245,584. During the following two months (October, November) the average price had a considerable increase of 121 % 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 130 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 38 % cheaper than the average price of $228,264 in Biloxi. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 38 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 65 % cheaper than the average price of ($282 / sq.feet) in Biloxi. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 65 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $369,572 it is 41 % cheaper than the average price in Biloxi. "Condo" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Office". At a price of $235,259 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $91 / sq.feet followed by "Townhouse" priced at $92 / sq.feet. "Apartment" is the cheapest type of property with a $282 / sq.feet value followed by "Duplex" with an average price of $109 / sq.feet.