The prices in real estate in Marco Island, 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 Marco Island has increased strongly during the last 6 months. In April, the average price per sq.feet was $919. In the following month the price per sq.feet increased considerably to $2,231. The price for the following two months in (June, July) had a considerable increment of 292 %. The price per sq.feet has had a considerable deflation of 14 % 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 $3,090 to $435 during August, and September.
Based upon to the price in Marco Island (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $861,930. During May the price went through a considerable rise reaching $1,053,239. In the following two months the average price has remained the same with regard to the previous two months from $957,584.5 to $931,228. During the last two months the average price has had a strong fall compared to the previous four going from $944,406.25 to $779,899, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $780,334 they are 64 % more affordable than the average price for Marco Island. The properties with the highest average price have 4 bedrooms, Their price is 132 % more costly than the average. After that we have properties with 3 bedrooms priced at $989,064.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $398 / sq.feet, with an average $432 / sq.feet price in Marco Island. The properties with the highest average prices have 4 bedrooms. They are 1758 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,065 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $780,334 it is 43 % cheaper than the average price in Marco Island. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,073,315 it is 56 % 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 $420 / sq.feet followed by "Condo" priced at $445 / sq.feet. "Land" is the most costly type of property with a $9,121 / sq.feet cost followed by "Detached House" with an average price of $2,885 / sq.feet.