The prices in real estate in Fort Lauderdale, 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 Fort Lauderdale has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,115. In the following month the price per sq.feet decreased considerably to $627. In the following two months the price per sq.feet has increased 109 %, going from $871 to $949 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $910 to $460.5 during August, and September.
Based upon to the price in Fort Lauderdale (cities), this has gone downing the last 6 months. The price in April is $1,196,981, rising in May till $1,329,215. During the following two months (June, July) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,228,365 to $898,687, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $597,677 they are 67 % more affordable than the average price for Fort Lauderdale. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $479,333.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $345 / sq.feet price in Fort Lauderdale. The properties with the lowest average prices have 4 bedrooms. They are 17 % cheaper than the average followed by properties with 3 bedrooms with a price at $261 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $597,677 it is 35 % cheaper than the average price in Fort Lauderdale. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $579,547 it is 90 % 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 $272 / sq.feet followed by "Condo" priced at $299 / sq.feet. "Land" is the most costly type of property with a $150,059 / sq.feet cost followed by "Villa" with an average price of $5,294 / sq.feet.