The prices in real estate in Key Largo, 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 Key Largo has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $2,009. In the following month the price per sq.feet decreased considerably to $1,289. The price for the following two months in (November, December) had a considerable increment of 121 %. The price per sq.feet has had a considerable deflation of 78 % 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 $1,821.25 to $1,416.5 during January, and February.
Based upon to the price in Key Largo (cities), these have remained the same in the last 6 months. The average price for September is $1,513,611. During October the price had a slight fall till $1,409,110. During the following two months (November, December) the price has had an average incrementation from $1,461,360.5 to $1,595,343. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $1,528,351.75 to $1,353,263 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,341,469 they are 37 % more affordable than the average price for Key Largo. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 1 bedroom priced at $1,314,111.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $776 / sq.feet, with an average $1,469 / sq.feet price in Key Largo. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,077 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,341,469 it is 39 % cheaper than the average price in Key Largo. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $2,073,788 it is 85 % 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 $841 / sq.feet followed by "Detached House" priced at $1,043 / sq.feet. "Townhouse" is the most costly type of property with a $3,659 / sq.feet cost followed by "Condo" with an average price of $1,833 / sq.feet.