The prices in real estate in Doral, 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 Doral has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $587. In the following month the price per sq.feet decreased considerably to $412. The price for the following two months in (December, January) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $418 to $363 during February, and March.
Based upon to the price in Doral (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $503,476. In November This price remains at $497,003. During the following two months (December, January) the price has had an average incrementation from $500,239.5 to $528,730.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $514,485 to $476,459 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $473,861 they are 54 % more affordable than the average price for Doral. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $404,754.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $420 / sq.feet price in Doral. The properties with the lowest average prices have 2 bedrooms. They are 27 % cheaper than the average followed by properties with 1 bedroom with a price at $272 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $473,861 it is 15 % cheaper than the average price in Doral. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $1,096,686 it is 199 % 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 $167 / sq.feet followed by "Condo" priced at $274 / sq.feet. "Villa" is the most costly type of property with a $3,232 / sq.feet cost followed by "Townhouse" with an average price of $2,768 / sq.feet.