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 August, the average price per sq.feet was $205. In September this price pretty much remained the same at a value of $215 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 185 %. The price per sq.feet has had a considerable increase of 163 % 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 $298.75 to $486 during December, and January.
Based upon to the price in Fort Lauderdale (cities), this has gone up considerably in the last 6 months. The price in August is $411,239, rising in September till $438,015. During the following two months (October, November) the average price had a considerable increase of 284 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 182 % 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 $1,431,871 they are 72 % more affordable than the average price for Fort Lauderdale. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $988,665.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $356 / sq.feet, with an average $483 / sq.feet price in Fort Lauderdale. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $407 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,431,871 it is 76 % cheaper than the average price in Fort Lauderdale. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $1,502,316 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $210 / sq.feet followed by "Apartment" priced at $287 / sq.feet. "Villa" is the most costly type of property with a $1,892 / sq.feet cost followed by "Condo" with an average price of $511 / sq.feet.