The prices in real estate in Hobe Sound, 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 Hobe Sound has increased strongly during the last 6 months. In August, the average price per sq.feet was $213. In September this price pretty much remained the same at a value of $217 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $215 to $238.5 per sq.feet. The price per sq.feet has had a considerable increase of 130 % 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 $226.75 to $294.5 during December, and January.
Based upon to the price in Hobe Sound (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $363,188. In September This price remains at $365,895. During the following two months (October, November) the average price had a considerable increase of 161 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 207 % 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 $920,500 they are 68 % more affordable than the average price for Hobe Sound. The properties with the lowest average price have 1 bedroom, Their price is 61 % cheaper than the average. After that we have properties with 2 bedrooms priced at $297,633.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $216 / sq.feet, with an average $279 / sq.feet price in Hobe Sound. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $920,500 it is 69 % cheaper than the average price in Hobe Sound. "Condo" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Condo". At a price of $294,886 it is 68 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $174 / sq.feet followed by "Condo" priced at $181 / sq.feet. "Land" is the most costly type of property with a $287 / sq.feet cost followed by "Condo" with an average price of $181 / sq.feet.