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 February, the average price per sq.feet was $1,336. In the following month the price per sq.feet increased considerably to $1,850. The price for the following two months in (April, May) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable increase of 147 % 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 $1,470.75 to $2,161.5 during June, and July.
Based upon to the price in Hollywood (cities), this has gone up considerably in the last 6 months. The price in February is $717,808, rising in March till $758,446. During the following two months (April, May) the average price had a considerable increase of 116 % 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 gone up 112 % 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 $1,002,545 they are 73 % more affordable than the average price for Hollywood. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $564,353.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $2,012 / sq.feet price in Hollywood. The properties with the lowest average prices have 1 bedroom. They are 14 % cheaper than the average followed by properties with 4 bedrooms with a price at $1,551 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,002,545 it is 60 % cheaper than the average price in Hollywood. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $845,346 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $383 / sq.feet followed by "House" priced at $528 / sq.feet. "Villa" is the most costly type of property with a $3,391 / sq.feet cost followed by "Townhouse" with an average price of $1,463 / sq.feet.