The prices in real estate in Key Biscayne, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Key Biscayne has increased during the last 6 months. In September, the average price per sq.feet was $1,256. In the following month the price per sq.feet increased considerably to $1,501. In the following two months the price per sq.feet has increased 110 %, going from $1,378.5 to $1,513.5 per sq.feet. The price per sq.feet has had a considerable deflation of 76 % 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 $1,446 to $1,098 during January, and February.
Based upon to the price in Key Biscayne (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $1,473,534. During October the price went through a considerable rise reaching $1,706,126. During the following two months (November, December) the average price had a considerable increase of 115 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $1,711,290.25 to $1,573,515.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,443,574 they are 71 % more affordable than the average price for Key Biscayne. The properties with the highest average price have 4 bedrooms, Their price is 115 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,758,000.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $520 / sq.feet, with an average $889 / sq.feet price in Key Biscayne. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at $721 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,443,574 it is 10 % cheaper than the average price in Key Biscayne. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $2,849,541 it is 205 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $657 / sq.feet followed by "House" priced at $780 / sq.feet. "Villa" is the most costly type of property with a $11,754 / sq.feet cost followed by "Townhouse" with an average price of $5,101 / sq.feet.