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 April, the average price per sq.feet was $3,708. In the following month the price per sq.feet decreased considerably to $618. The price for the following two months in (June, July) had a considerable increment of 156 %. The price per sq.feet has decreased 86 % 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 $2,764.25 to $2,381 during August, and September.
Based upon to the price in Coral Gables (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $1,756,760. In May This price remains at $1,787,692. During the following two months (June, July) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $1,714,632.75 to $1,519,674.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,556,630 they are 84 % more affordable than the average price for Coral Gables. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $842,946.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $326 / sq.feet, with an average $1,407 / sq.feet price in Coral Gables. The properties with the lowest average prices have 3 bedrooms. They are 68 % cheaper than the average followed by properties with 4 bedrooms with a price at $434 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,556,630 it is 61 % cheaper than the average price in Coral Gables. "Office" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of $1,851,382 it is 21 % 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 $403 / sq.feet followed by "Office" priced at $410 / sq.feet. "Villa" is the most costly type of property with a $5,934 / sq.feet cost followed by "Townhouse" with an average price of $4,878 / sq.feet.