The prices in real estate in Hialeah, 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 Hialeah has increased strongly during the last 6 months. In November, the average price per sq.feet was $194. In the following month the price per sq.feet increased considerably to $319. The price for the following two months in (January, February) had a considerable increment of 122 %. The price per sq.feet has had a considerable deflation of 75 % 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 $284.25 to $213 during March, and April.
Based upon to the price in Hialeah (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $329,521. In December This price remains at $337,232. In the following two months the average price has remained the same with regard to the previous two months from $333,376.5 to $338,346. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $356,484 they are 45 % more affordable than the average price for Hialeah. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $358,150.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $198 / sq.feet, with an average $206 / sq.feet price in Hialeah. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $207 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $356,484 it is 44 % cheaper than the average price in Hialeah. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $362,265 it is 262 % 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 $193 / sq.feet followed by "House" priced at $199 / sq.feet. "Commercial" is the most costly type of property with a $1,028 / sq.feet cost followed by "Condo" with an average price of $391 / sq.feet.