The prices in real estate in Bradenton, 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 Bradenton has increased strongly during the last 6 months. In May, the average price per sq.feet was $172. In June this price pretty much remained the same at a value of $174 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 210 %. The price per sq.feet has had a considerable deflation of 62 % 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 $268.25 to $166.5 during September, and October.
Based upon to the price in Bradenton (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $360,041. In June This price remains at $350,433. In the following two months the average price has remained the same with regard to the previous two months from $355,237 to $342,237. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $348,737 and $350,066.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $363,489 they are 71 % more affordable than the average price for Bradenton. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $368,743.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $154 / sq.feet, with an average $174 / sq.feet price in Bradenton. The properties with the highest average prices have 3 bedrooms. They are 1 % more expensive than the average followed by properties with 1 bedroom with a price at $169 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $363,489 it is 38 % cheaper than the average price in Bradenton. "Villa" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $329,270 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $157 / sq.feet followed by "Condo" priced at $165 / sq.feet. "Villa" is the most costly type of property with a $259 / sq.feet cost followed by "House" with an average price of $180 / sq.feet.