The prices in real estate in Key Largo, 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 Key Largo has increased strongly during the last 6 months. In May, the average price per sq.feet was $646. In the following month the price per sq.feet increased to $684. The price for the following two months in (July, August) had a considerable increment of 127 %. The price per sq.feet has decreased 91 % 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 $754.5 to $685.5 during September, and October.
Based upon to the price in Key Largo (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $1,443,135. In June This price remains at $1,394,216. In the following two months the average price has remained the same with regard to the previous two months from $1,418,675.5 to $1,466,200. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,442,437.75 and $1,372,919.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,487,245 they are 78 % more affordable than the average price for Key Largo. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,059,426.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $481 / sq.feet, with an average $679 / sq.feet price in Key Largo. The properties with the highest average prices have 4 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $555 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,487,245 it is 43 % cheaper than the average price in Key Largo. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $1,260,493 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $591 / sq.feet followed by "Condo" priced at $824 / sq.feet. "Office" is the most costly type of property with a $1,103 / sq.feet cost followed by "Condo" with an average price of $824 / sq.feet.