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 $2,633. In October this price pretty much remained the same at a value of $2,651 per sq.feet. The price for the following two months in (November, December) had a considerable increment of 132 %. The price per sq.feet has decreased 88 % 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 $3,066 to $2,690.5 during January, and February.
Based upon to the price in Key Biscayne (cities), this has gone downing the last 6 months. The average price during our first sample month during September, is $2,527,661. During October the price went through a considerable rise reaching $2,923,485. During the following two months (November, December) the average price fell 89 % 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 $2,580,379.75 to $2,079,684.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,126,113 they are 61 % more affordable than the average price for Key Biscayne. The properties with the highest average price have 4 bedrooms, Their price is 138 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,653,836.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $817 / sq.feet, with an average $2,333 / sq.feet price in Key Biscayne. The properties with the lowest average prices have 4 bedrooms. They are 43 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,112 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,126,113 it is 99 % cheaper than the average price in Key Biscayne. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $3,007,700 it is 98 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $6 / sq.feet followed by "Condo" priced at $1,015 / sq.feet. "Villa" is the most costly type of property with a $14,772 / sq.feet cost followed by "House" with an average price of $6,124 / sq.feet.