The prices in real estate in Key West, in the Florida region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Key West has fallen in the last 6 months. In July, the average price per sq.feet was $767. In August this price pretty much remained the same at a value of $764 per sq.feet. The price for the following two months in (September, October) decreased 88 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $720 to $689.5 during November y December
Based upon to the price in Key West (cities), this has fallen considerably in the last 6 months. The average price for July is $1,444,862. During August the price had a slight fall till $1,335,618. During the following two months (September, October) the average price had a considerable reduction of 72 % 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 $1,198,790.5 to $965,817, 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 $1,056,871 they are 59 % more affordable than the average price for Key West. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,160,288.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $666 / sq.feet, with an average $704 / sq.feet price in Key West. The properties with the highest average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $687 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,056,871 it is 35 % cheaper than the average price in Key West. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,149,485 it is 40 % 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 $700 / sq.feet followed by "House" priced at $733 / sq.feet. "Land" is the most costly type of property with a $1,498 / sq.feet cost followed by "House" with an average price of $733 / sq.feet.