The prices in real estate in Inverness, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Inverness has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $256. In the following month the price per sq.feet decreased considerably to $123. The price for the following two months in (June, July) had a considerable increment of 158 %. The price per sq.feet has had a considerable deflation of 36 % 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 $244.75 to $87 during August, and September.
Based upon to the price in Inverness (cities), this has gone downing the last 6 months. The price in April is $217,856, rising in May till $228,896. During the following two months (June, July) the price has had an average incrementation from $223,376 to $234,904. During the last two months the average price has had a strong fall compared to the previous four going from $229,140 to $143,326.5, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $160,577 they are 52 % more affordable than the average price for Inverness. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $152,307.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $64 / sq.feet, with an average $87 / sq.feet price in Inverness. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $80 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $160,577 it is 5 % more expensive than the average price in Inverness. "House" is seen as the second dearest property type. The dearest property type is "Mobile Home" followed by "House". At a price of $170,135 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $97 / sq.feet followed by "Mobile Home" priced at $327 / sq.feet. "Land" is the most costly type of property with a $568 / sq.feet cost followed by "Mobile Home" with an average price of $327 / sq.feet.