The prices in real estate in Boca Raton, 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 Boca Raton has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,951. In the following month the price per sq.feet increased considerably to $2,721. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has increased 109 % 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 $2,222 to $2,431.5 during February, and March.
Based upon to the price in Boca Raton (cities), these have remained the same in the last 6 months. The price in October is $1,482,865, rising in November till $1,613,556. In the following two months the average price has remained the same with regard to the previous two months from $1,548,210.5 to $1,489,816. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $1,519,013.25 to $1,439,713 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,524,502 they are 80 % more affordable than the average price for Boca Raton. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,269,067.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $428 / sq.feet, with an average $3,104 / sq.feet price in Boca Raton. The properties with the lowest average prices have 4 bedrooms. They are 82 % cheaper than the average followed by properties with 3 bedrooms with a price at $540 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,524,502 it is 54 % cheaper than the average price in Boca Raton. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $2,473,435 it is 1245 % 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 $478 / sq.feet followed by "House" priced at $1,976 / sq.feet. "Land" is the most costly type of property with a $7,283,333 / sq.feet cost followed by "Apartment" with an average price of $8,957 / sq.feet.