The prices in real estate in Fort Lauderdale, 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 Fort Lauderdale has increased strongly during the last 6 months. In October, the average price per sq.feet was $292. In the following month the price per sq.feet increased considerably to $339. In the following two months the price per sq.feet has increased 109 %, going from $315.5 to $344 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $329.75 to $344.5 during February y March
Based upon to the price in Fort Lauderdale (cities), this has gone up considerably in the last 6 months. The price in October is $502,392, rising in November till $547,135. During the following two months (December, January) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $602,527 to $564,160 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 $662,975 they are 70 % more affordable than the average price for Fort Lauderdale. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $482,285.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $222 / sq.feet, with an average $390 / sq.feet price in Fort Lauderdale. The properties with the lowest average prices have 4 bedrooms. They are 16 % cheaper than the average followed by properties with 3 bedrooms with a price at $273 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $662,975 it is 61 % cheaper than the average price in Fort Lauderdale. "Duplex" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $537,625 it is 287 % 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 $218 / sq.feet followed by "House" priced at $256 / sq.feet. "Duplex" is the most costly type of property with a $149,908 / sq.feet cost followed by "Villa" with an average price of $7,124 / sq.feet.