Property prices for sale in Hollywood (Florida)
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 November, the average price per sq.feet was $1,996. In the following month the price per sq.feet increased to $2,129. In the following two months the price per sq.feet has increased 111 %, going from $2,062.5 to $2,283 per sq.feet. The price per sq.feet has had a considerable increase of 164 % 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 $2,172.75 to $3,568.5 during March, and April.
Based upon to the price in Hollywood (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $702,228. In December This price remains at $678,390. In the following two months the average price has remained the same with regard to the previous two months from $690,309 to $699,296. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $766,062 they are 50 % more affordable than the average price for Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $757,582.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $460 / sq.feet, with an average $3,671 / sq.feet price in Hollywood. The properties with the lowest average prices have 1 bedroom. They are 86 % cheaper than the average followed by properties with 2 bedrooms with a price at $487 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $766,062 it is 36 % cheaper than the average price in Hollywood. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $865,062 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $471 / sq.feet followed by "Apartment" priced at $1,057 / sq.feet. "Land" is the most costly type of property with a $1,605,174 / sq.feet cost followed by "Villa" with an average price of $5,166 / sq.feet.
