The prices in real estate in Hernando, 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 Hernando has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,155. In July this price pretty much remained the same at a value of $1,125 per sq.feet. The price for the following two months in (August, September) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 20 % 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 $630 to $124 during October, and November.
Based upon to the price in Hernando (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $248,656. In July This price remains at $248,755. During the following two months (August, September) the price has had an average incrementation from $248,705.5 to $262,843.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $300,780 they are 67 % more affordable than the average price for Hernando. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 2 bedrooms priced at $280,959.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $97 / sq.feet, with an average $134 / sq.feet price in Hernando. The properties with the highest average prices have 2 bedrooms. They are 43 % more expensive than the average followed by properties with 4 bedrooms with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $300,780 it is 49 % cheaper than the average price in Hernando. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $166,597 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $118 / sq.feet followed by "Townhouse" priced at $3,820 / sq.feet. "Land" is the most costly type of property with a $13,264 / sq.feet cost followed by "Farm" with an average price of $5,319 / sq.feet.