Property prices for sale in Cedar Key (Florida)
The prices in real estate in Cedar Key, 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 Cedar Key has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $12,504. In the following month the price per sq.feet decreased considerably to $561. The price for the following two months in (December, January) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $5,217.25 to $4,236.5 during February, and March.
Based upon to the price in Cedar Key (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $374,753. During November the price went through a considerable rise reaching $466,316. During the following two months (December, January) the price has had an average incrementation from $420,534.5 to $457,670.5. 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 $439,102.5 and $452,807 between 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 $425,990 they are 60 % more affordable than the average price for Cedar Key. The properties with the highest average price have 4 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 3 bedrooms priced at $692,222.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $345 / sq.feet, with an average $4,785 / sq.feet price in Cedar Key. The properties with the lowest average prices have 2 bedrooms. They are 91 % cheaper than the average followed by properties with 4 bedrooms with a price at $389 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $425,990 it is 59 % cheaper than the average price in Cedar Key. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $283,529 it is 56 % 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 $365 / sq.feet followed by "House" priced at $412 / sq.feet. "Land" is the most costly type of property with a $56,745 / sq.feet cost followed by "House" with an average price of $412 / sq.feet.
