The prices in real estate in Hollywood, 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 Hollywood has increased strongly during the last 6 months. In March, the average price per sq.feet was $687. In the following month the price per sq.feet decreased to $639. The price for the following two months in (May, June) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 200 % 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 $638.75 to $1,279.5 during July, and August.
Based upon to the price in Hollywood (cities), this has gone up in the last 6 months. The price in March is $639,753, rising in April till $706,618. In the following two months the average price has remained the same with regard to the previous two months from $673,185.5 to $692,614.5. 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 $682,900 and $658,897.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $691,210 they are 41 % more affordable than the average price for Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $643,891.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $393 / sq.feet, with an average $1,175 / sq.feet price in Hollywood. The properties with the lowest average prices have 1 bedroom. They are 56 % cheaper than the average followed by properties with 2 bedrooms with a price at $418 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $691,210 it is 40 % cheaper than the average price in Hollywood. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Villa". At a price of $782,246 it is 171 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $260 / sq.feet followed by "Condo" priced at $503 / sq.feet. "Apartment" is the most costly type of property with a $5,463 / sq.feet cost followed by "Villa" with an average price of $4,483 / sq.feet.