The prices in real estate in Coral Gables, 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 Coral Gables has increased strongly during the last 6 months. In November, the average price per sq.feet was $942. In the following month the price per sq.feet increased considerably to $5,201. The price for the following two months in (January, February) had a considerable increment of 158 %. The price per sq.feet has increased 106 % 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 $3,964 to $4,207 during March, and April.
Based upon to the price in Coral Gables (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $1,289,780. During December the price went through a considerable rise reaching $2,237,891. During the following two months (January, February) the average price had a considerable increase of 136 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 204 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $5,072,241 they are 75 % more affordable than the average price for Coral Gables. The properties with the lowest average price have 1 bedroom, Their price is 52 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,880,357.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $941 / sq.feet, with an average $3,970 / sq.feet price in Coral Gables. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 4 bedrooms with a price at $4,877 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $5,072,241 it is 81 % cheaper than the average price in Coral Gables. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $1,873,750 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $427 / sq.feet followed by "House" priced at $4,138 / sq.feet. "Condo" is the most costly type of property with a $4,938 / sq.feet cost followed by "Apartment" with an average price of $4,691 / sq.feet.