The prices in real estate in Fort Myers, 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 Myers has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,422. In the following month the price per sq.feet decreased considerably to $331. The price for the following two months in (July, August) had a considerable increment of 152 %. The price per sq.feet has had a considerable deflation of 15 % 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 $1,102.25 to $164.5 during September, and October.
Based upon to the price in Fort Myers (cities), this has gone downing the last 6 months. The price in May is $385,346, rising in June till $410,860. During the following two months (July, August) the average price had a considerable reduction of 77 % 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 88 %, going from $352,319.25 to $308,882.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $299,760 they are 64 % more affordable than the average price for Fort Myers. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $320,470.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $165 / sq.feet price in Fort Myers. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $299,760 it is 41 % cheaper than the average price in Fort Myers. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Townhouse". At a price of $422,077 it is 693 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $136 / sq.feet followed by "Condo" priced at $150 / sq.feet. "Land" is the most costly type of property with a $1,339 / sq.feet cost followed by "House" with an average price of $174 / sq.feet.