The prices in real estate in Cutler Bay, 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 Cutler Bay has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $1,556. In the following month the price per sq.feet decreased considerably to $1,223. The price for the following two months in (April, May) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $1,018.75 to $661 during June, and July.
Based upon to the price in Cutler Bay (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $539,620. In March This price remains at $522,093. During the following two months (April, May) the average price fell 89 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $502,495.5 to $416,581.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $322,090 they are 40 % more affordable than the average price for Cutler Bay. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $324,191.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $160 / sq.feet, with an average $185 / sq.feet price in Cutler Bay. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $322,090 it is 33 % more expensive than the average price in Cutler Bay. "Townhouse" is seen as the second dearest property type. The dearest property type is "Villa" followed by "Townhouse". At a price of $433,582 it is 98 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $188 / sq.feet followed by "Townhouse" priced at $904 / sq.feet. "Villa" is the most costly type of property with a $2,012 / sq.feet cost followed by "Townhouse" with an average price of $904 / sq.feet.