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 May, the average price per sq.feet was $653. In the following month the price per sq.feet increased considerably to $2,311. The price for the following two months in (July, August) had a considerable increment of 131 %. The price per sq.feet has had a considerable deflation of 21 % 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 $1,710.25 to $365.5 during September, and October.
Based upon to the price in Hollywood (cities), this has fallen considerably in the last 6 months. The average price for May is $945,338. During June the price had a considerable reduction till $775,190. In the following two months the average price has remained the same with regard to the previous two months from $860,264 to $883,592. During the last two months the average price has had a strong fall compared to the previous four going from $871,928 to $404,369.5, which means a 46 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $420,051 they are 49 % more affordable than the average price for Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $482,647.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $234 / sq.feet, with an average $287 / sq.feet price in Hollywood. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 3 bedrooms with a price at $267 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $420,051 it is 21 % cheaper than the average price in Hollywood. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $823,410 it is 324 % 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 $243 / sq.feet followed by "House" priced at $246 / sq.feet. "Villa" is the most costly type of property with a $3,704 / sq.feet cost followed by "Apartment" with an average price of $991 / sq.feet.