The prices in real estate in Fernandina 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 Fernandina Beach has fallen in the last 6 months. In January, the average price per sq.feet was $161. In the following month the price per sq.feet decreased to $137. The price for the following two months in (March, April) decreased 93 % with regard to the prior two months. The price per sq.feet has increased 112 % 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 $144 to $161.5 during May, and June.
Based upon to the price in Fernandina Beach (cities), these have remained the same in the last 6 months. The average price for January is $358,863. During February the price had a slight fall till $330,443. In the following two months the average price has remained the same with regard to the previous two months from $344,653 to $338,506.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $361,379 they are 53 % more affordable than the average price for Fernandina Beach. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $379,401.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $128 / sq.feet, with an average $171 / sq.feet price in Fernandina Beach. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $155 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $361,379 it is 9 % cheaper than the average price in Fernandina Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $357,070 it is 133 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $136 / sq.feet followed by "Townhouse" priced at $147 / sq.feet. "Apartment" is the most costly type of property with a $2,611 / sq.feet cost followed by "Commercial" with an average price of $156 / sq.feet.