The prices in real estate in Hillsboro 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 Hillsboro Beach has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $899. In the following month the price per sq.feet decreased considerably to $476. The price for the following two months in (November, December) had a considerable decrease of 63 with regard to the prior two months. 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 $560.5 to $420 during January, and February.
Based upon to the price in Hillsboro Beach (cities), this has fallen considerably in the last 6 months. The average price for September is $3,268,846. During October the price had a considerable reduction till $1,017,410. During the following two months (November, December) the average price had a considerable reduction of 39 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,487,645 to $774,090, which means a 52 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $727,835 they are 70 % more affordable than the average price for Hillsboro Beach. The properties with the highest average price have 4 bedrooms, Their price is 372 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,165,456.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $261 / sq.feet, with an average $419 / sq.feet price in Hillsboro Beach. The properties with the highest average prices have 4 bedrooms. They are 80 % more expensive than the average followed by properties with 3 bedrooms with a price at $456 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $727,835 it is 57 % more expensive than the average price in Hillsboro Beach. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,206,333 it is 694 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $470 / sq.feet followed by "House" priced at $783 / sq.feet. "Townhouse" is the most costly type of property with a $1,790 / sq.feet cost followed by "House" with an average price of $783 / sq.feet.