The prices in real estate in Inverness, 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 Inverness has increased strongly during the last 6 months. In January, the average price per sq.feet was $91. In February this price pretty much remained the same at a value of $93 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 255 %. The price per sq.feet has had a considerable deflation of 75 % 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 $163.5 to $122.5 during May, and June.
Based upon to the price in Inverness (cities), this has gone up considerably in the last 6 months. The price in January is $148,064, rising in February till $166,701. During the following two months (March, April) the average price had a considerable increase of 306 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $319,543.5 to $249,385.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $228,235 they are 67 % more affordable than the average price for Inverness. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $150,936.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $55 / sq.feet, with an average $120 / sq.feet price in Inverness. The properties with the lowest average prices have 3 bedrooms. They are 31 % cheaper than the average followed by properties with 2 bedrooms with a price at $71 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $228,235 it is 27 % cheaper than the average price in Inverness. "House" is seen as the second most affordable property type. The dearest property type is "Mobile Home" followed by "House". At a price of $168,606 it is 1 % 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 $88 / sq.feet followed by "Mobile Home" priced at $318 / sq.feet. "Land" is the most costly type of property with a $559 / sq.feet cost followed by "Mobile Home" with an average price of $318 / sq.feet.