The prices in real estate in Delray Beach, in the Florida region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Delray Beach has fallen in the last 6 months. In August, the average price per sq.feet was $256. In September this price pretty much remained the same at a value of $255 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $255.5 to $250 per sq.feet. 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 $252.75 to $217 during December, and January.
Based upon to the price in Delray Beach (cities), this has fallen considerably in the last 6 months. The average price for August is $625,435. During September the price had a slight fall till $579,173. During the following two months (October, November) the average price had a considerable reduction of 82 % 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 $549,137 to $369,076, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $303,812 they are 56 % more affordable than the average price for Delray Beach. The properties with the highest average price have 4 bedrooms, Their price is 264 % more costly than the average. After that we have properties with 3 bedrooms priced at $473,364.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $157 / sq.feet, with an average $195 / sq.feet price in Delray Beach. The properties with the highest average prices have 4 bedrooms. They are 81 % more expensive than the average followed by properties with 3 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $303,812 it is 37 % cheaper than the average price in Delray Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of $1,923,250 it is 821 % 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 $158 / sq.feet followed by "House" priced at $296 / sq.feet. "Villa" is the most costly type of property with a $5,807 / sq.feet cost followed by "Townhouse" with an average price of $916 / sq.feet.