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 February, the average price per sq.feet was $158. In March this price pretty much remained the same at a value of $161 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $159.5 to $161.5 per sq.feet. The price per sq.feet has had a considerable increase of 205 % 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 $160.5 to $329.5 during June, and July.
Based upon to the price in Homestead (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $333,014. In March This price remains at $318,096. In the following two months the average price has remained the same with regard to the previous two months from $325,555 to $315,124. 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 $320,339.5 and $332,163.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $334,984 they are 61 % 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 $267,865.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $152 / sq.feet, with an average $493 / sq.feet price in Homestead. The properties with the highest average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $466 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $334,984 it is 50 % cheaper than the average price in Homestead. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $339,409 it is 89 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $401 / sq.feet followed by "Condo" priced at $1,169 / sq.feet. "Commercial" is the most costly type of property with a $4,756 / sq.feet cost followed by "Condo" with an average price of $1,169 / sq.feet.