The prices in real estate in Daytona Beach, 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 Daytona Beach has increased strongly during the last 6 months. In March, the average price per sq.feet was $147. In April this price pretty much remained the same at a value of $149 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $148 to $152.5 per sq.feet. The price per sq.feet has had a considerable increase of 215 % 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 $150.25 to $323 during July, and August.
Based upon to the price in Daytona Beach (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $255,601. In April This price remains at $261,484. In the following two months the average price has remained the same with regard to the previous two months from $258,542.5 to $258,088.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $258,315.5 to $219,647.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $220,564 they are 46 % more affordable than the average price for Daytona Beach. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $263,898.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $148 / sq.feet price in Daytona Beach. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $220,564 it is 19 % cheaper than the average price in Daytona Beach. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $245,442 it is 92 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $126 / sq.feet followed by "Office" priced at $127 / sq.feet. "House" is the most costly type of property with a $154 / sq.feet cost followed by "Condo" with an average price of $151 / sq.feet.