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 July, the average price per sq.feet was $609. In the following month the price per sq.feet decreased considerably to $138. The price for the following two months in (September, October) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $256.5 to $232 during November, and December.
Based upon to the price in Cape Coral (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $197,692. During August the price went through a considerable rise reaching $235,393. In the following two months the average price has remained the same with regard to the previous two months from $216,542.5 to $211,450. Based on an analysis of the first four prices and the last two months the average price has risen strongly 244 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $524,954 they are 84 % more affordable than the average price for Cape Coral. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $483,193.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $172 / sq.feet, with an average $225 / sq.feet price in Cape Coral. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 4 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $524,954 it is 51 % cheaper than the average price in Cape Coral. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $546,124 it is 57 % 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 $173 / sq.feet followed by "Apartment" priced at $174 / sq.feet. "House" is the most costly type of property with a $226 / sq.feet cost followed by "Commercial" with an average price of $214 / sq.feet.