The prices in real estate in Coral Gables, 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 Coral Gables has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,003. In the following month the price per sq.feet decreased considerably to $566. The price for the following two months in (December, January) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable increase of 416 % 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 $1,148 to $4,770.5 during February, and March.
Based upon to the price in Coral Gables (cities), this has gone downing the last 6 months. The average price during our first sample month during October, is $1,985,500. During November the price went through a considerable rise reaching $2,302,147. During the following two months (December, January) the average price had a considerable reduction of 74 % 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 $1,860,799 and $1,939,655.5 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 $1,939,987 they are 86 % more affordable than the average price for Coral Gables. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,123,824.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $369 / sq.feet, with an average $4,648 / sq.feet price in Coral Gables. The properties with the lowest average prices have 4 bedrooms. They are 90 % cheaper than the average followed by properties with 3 bedrooms with a price at $457 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,939,987 it is 49 % cheaper than the average price in Coral Gables. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $1,889,550 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $416 / sq.feet followed by "House" priced at $521 / sq.feet. "Villa" is the most costly type of property with a $5,876 / sq.feet cost followed by "Condo" with an average price of $4,933 / sq.feet.