The prices in real estate in Cape Coral, 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 Cape Coral has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $476. In the following month the price per sq.feet decreased considerably to $259. The price for the following two months in (May, June) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 66 % 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 $333.25 to $218.5 during July, and August.
Based upon to the price in Cape Coral (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is $170,855. During April the price went through a considerable rise reaching $200,942. During the following two months (May, June) the average price had a considerable reduction of 80 % with regard to the previous two months. 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 $167,271 and $170,612.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $173,874 they are 21 % more expensive than the average price for Cape Coral. Following this ranking we find those properties with 2 at an average price of $273,471. The properties with the highest average price have 4 bedrooms, Their price is 115 % more costly than the average. After that we have properties with 3 bedrooms priced at $309,052.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $148 / sq.feet, with an average $130 / sq.feet price in Cape Coral. The properties with the highest average prices have 4 bedrooms. They are 975 % more expensive than the average followed by properties with 3 bedrooms with a price at $460 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $173,874 it is 81 % cheaper than the average price in Cape Coral. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Duplex". At a price of $327,661 it is 136 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $60 / sq.feet followed by "House" priced at $112 / sq.feet. "Commercial" is the most costly type of property with a $4,023 / sq.feet cost followed by "Duplex" with an average price of $2,087 / sq.feet.