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 January, the average price per sq.feet was $875. In the following month the price per sq.feet decreased considerably to $638. The price for the following two months in (March, April) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $553 to $372.5 during May, and June.
Based upon to the price in Doral (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is $626,799. In February This price remains at $624,328. In the following two months the average price has remained the same with regard to the previous two months from $625,563.5 to $601,130. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $714,839 they are 60 % more affordable than the average price for Doral. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $572,329.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $324 / sq.feet, with an average $368 / sq.feet price in Doral. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $372 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $714,839 it is 45 % cheaper than the average price in Doral. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $1,092,204 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $286 / sq.feet followed by "Condo" priced at $342 / sq.feet. "Villa" is the most costly type of property with a $4,135 / sq.feet cost followed by "Townhouse" with an average price of $655 / sq.feet.