The prices in real estate in Hollywood, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Hollywood has increased during the last 6 months. In April, the average price per sq.feet was $260. In the following month the price per sq.feet increased considerably to $301. The price for the following two months in (June, July) had a considerable increment of 121 %. The price per sq.feet has had a considerable deflation of 81 % 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 $310 to $251 during August, and September.
Based upon to the price in Hollywood (cities), this has gone downing the last 6 months. The average price for April is $472,665. During May the price had a slight fall till $416,699. During the following two months (June, July) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $428,597.5 to $391,255 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $381,590 they are 36 % more affordable than the average price for Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 70 % more costly than the average. After that we have properties with 3 bedrooms priced at $411,886.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $259 / sq.feet price in Hollywood. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 4 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $381,590 it is 17 % cheaper than the average price in Hollywood. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of $405,337 it is 278 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $216 / sq.feet followed by "Condo" priced at $271 / sq.feet. "Office" is the most costly type of property with a $1,425 / sq.feet cost followed by "Townhouse" with an average price of $921 / sq.feet.