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 March, the average price per sq.feet was $519. In the following month the price per sq.feet increased to $556. The price for the following two months in (May, June) had a considerable increment of 127 %. The price per sq.feet has had a considerable increase of 128 % 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 $609.5 to $779 during July, and August.
Based upon to the price in Coral Gables (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $1,087,256. In April This price remains at $1,128,207. During the following two months (May, June) the price has had an average incrementation from $1,107,731.5 to $1,185,478.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $1,091,729 they are 77 % more affordable than the average price for Coral Gables. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $880,685.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $339 / sq.feet, with an average $691 / sq.feet price in Coral Gables. The properties with the lowest average prices have 4 bedrooms. They are 33 % cheaper than the average followed by properties with 3 bedrooms with a price at $450 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,091,729 it is 51 % 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 $1,339,718 it is 171 % 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 $407 / sq.feet followed by "Townhouse" priced at $435 / sq.feet. "Villa" is the most costly type of property with a $8,537 / sq.feet cost followed by "House" with an average price of $477 / sq.feet.