The prices in real estate in Jacksonville, 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 Jacksonville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $178. In August this price pretty much remained the same at a value of $180 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $154.75 to $143 during November, and December.
Based upon to the price in Jacksonville (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during July, is $364,320. During August the price went through a considerable rise reaching $430,237. During the following two months (September, October) the average price had a considerable reduction of 59 % 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 $315,032.75 to $257,374, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $231,960 they are 49 % more affordable than the average price for Jacksonville. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $187,400.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $133 / sq.feet price in Jacksonville. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $231,960 it is 13 % cheaper than the average price in Jacksonville. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Condo". At a price of $254,775 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $119 / sq.feet followed by "House" priced at $127 / sq.feet. "Condo" is the most costly type of property with a $173 / sq.feet cost followed by "Townhouse" with an average price of $148 / sq.feet.