Property prices for sale in Homestead (Florida)
The prices in real estate in Homestead, 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 Homestead has increased strongly during the last 6 months. In August, the average price per sq.feet was $638. In the following month the price per sq.feet increased considerably to $851. The price for the following two months in (October, November) had a considerable increment of 126 %. The price per sq.feet has decreased 89 % 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 $842 to $752.5 during December, and January.
Based upon to the price in Homestead (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $499,936. In September This price remains at $513,178. In the following two months the average price has remained the same with regard to the previous two months from $506,557 to $506,494. 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 $506,525.5 and $520,220.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $536,942 they are 64 % more affordable than the average price for Homestead. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $401,122.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $960 / sq.feet price in Homestead. The properties with the lowest average prices have 2 bedrooms. They are 72 % cheaper than the average followed by properties with 1 bedroom with a price at $260 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $536,942 it is 51 % cheaper than the average price in Homestead. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $588,408 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $87 / sq.feet followed by "Townhouse" priced at $239 / sq.feet. "Villa" is the most costly type of property with a $3,206 / sq.feet cost followed by "House" with an average price of $262 / sq.feet.
