Property prices for sale in Boca Raton (Florida)
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 March, the average price per sq.feet was $3,104. In the following month the price per sq.feet decreased considerably to $2,382. The price for the following two months in (May, June) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 151 % 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 $3,277.75 to $4,956 during July, and August.
Based upon to the price in Boca Raton (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $1,524,502. In April This price remains at $1,509,534. During the following two months (May, June) the average price had a considerable increase of 116 % 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 $1,638,540.25 to $1,360,439, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,312,276 they are 79 % more affordable than the average price for Boca Raton. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $849,547.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $343 / sq.feet, with an average $5,473 / sq.feet price in Boca Raton. The properties with the lowest average prices have 4 bedrooms. They are 89 % cheaper than the average followed by properties with 3 bedrooms with a price at $448 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,312,276 it is 63 % cheaper than the average price in Boca Raton. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $1,960,123 it is 1454 % 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 $381 / sq.feet followed by "Townhouse" priced at $3,816 / sq.feet. "Land" is the most costly type of property with a $7,246,986 / sq.feet cost followed by "Apartment" with an average price of $8,858 / sq.feet.
