The prices in real estate in Fort Walton Beach, 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 Walton Beach has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $908. In the following month the price per sq.feet decreased considerably to $683. In the following two months the price per sq.feet has increased 108 %, going from $795.5 to $856 per sq.feet. The price per sq.feet has had a considerable deflation of 21 % 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 $825.75 to $176.5 during August, and September.
Based upon to the price in Fort Walton Beach (cities), these have remained the same in the last 6 months. The average price for April is $268,171. During May the price had a slight fall till $246,019. During the following two months (June, July) the price has had an average incrementation from $257,095 to $285,900. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $286,894 they are 15 % more affordable than the average price for Fort Walton Beach. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $308,765.
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 $175 / sq.feet price in Fort Walton Beach. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $182 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $286,894 it is 44 % cheaper than the average price in Fort Walton Beach. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $287,311 it is 11 % 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 $113 / sq.feet followed by "House" priced at $152 / sq.feet. "Office" is the most costly type of property with a $398 / sq.feet cost followed by "Condo" with an average price of $296 / sq.feet.