The prices in real estate in Key West, in the Florida region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Key West has remained the same in the last 6 months. In April, the average price per sq.feet was $1,683. In May this price pretty much remained the same at a value of $1,622 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 177 %. The price per sq.feet has had a considerable deflation of 25 % 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 $2,289.75 to $577 during August, and September.
Based upon to the price in Key West (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $822,990. During May the price went through a considerable rise reaching $976,710. During the following two months (June, July) the price has had an average incrementation from $899,850 to $952,627. 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 $926,238.5 and $883,438 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $918,970 they are 23 % more affordable than the average price for Key West. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 1 bedroom priced at $1,229,500.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $586 / sq.feet, with an average $580 / sq.feet price in Key West. The properties with the highest average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 4 bedrooms with a price at $673 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $918,970 it is 32 % cheaper than the average price in Key West. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $1,081,055 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $610 / sq.feet followed by "House" priced at $624 / sq.feet. "Commercial" is the most costly type of property with a $4,079 / sq.feet cost followed by "Land" with an average price of $1,528 / sq.feet.