The prices in real estate in Hernando, 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 Hernando has increased strongly during the last 6 months. In October, the average price per sq.feet was $253. In November this price pretty much remained the same at a value of $245 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 327 %. The price per sq.feet has had a considerable deflation of 45 % 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 $531.5 to $238.5 during February, and March.
Based upon to the price in Hernando (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $496,206. In November This price remains at $504,962. During the following two months (December, January) the price has had an average incrementation from $500,584 to $531,864. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $516,224 and $518,413 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $516,469 they are 40 % more affordable than the average price for Hernando. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $514,561.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $201 / sq.feet, with an average $233 / sq.feet price in Hernando. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 4 bedrooms with a price at $263 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $516,469 it is 89 % cheaper than the average price in Hernando. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $471,336 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $172 / sq.feet followed by "Detached House" priced at $226 / sq.feet. "Land" is the most costly type of property with a $39,843 / sq.feet cost followed by "Farm" with an average price of $5,007 / sq.feet.