The prices in real estate in Delray 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 Delray Beach has increased strongly during the last 6 months. In May, the average price per sq.feet was $245. In the following month the price per sq.feet increased to $267. The price for the following two months in (July, August) had a considerable increment of 132 %. The price per sq.feet has had a considerable increase of 116 % 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 $297.5 to $346.5 during September, and October.
Based upon to the price in Delray Beach (cities), this has gone up considerably in the last 6 months. The price in May is $577,235, rising in June till $657,701. During the following two months (July, August) the average price had a considerable increase of 141 % 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 154 % 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 $1,061,647 they are 66 % more affordable than the average price for Delray Beach. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $825,922.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $262 / sq.feet, with an average $332 / sq.feet price in Delray Beach. The properties with the highest average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $360 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,061,647 it is 87 % cheaper than the average price in Delray Beach. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Villa". At a price of $824,895 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $106 / sq.feet followed by "Apartment" priced at $129 / sq.feet. "Duplex" is the cheapest type of property with a $320 / sq.feet value followed by "Villa" with an average price of $290 / sq.feet.