The prices in real estate in Marco Island, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Marco Island has increased during the last 6 months. In January, the average price per sq.feet was $449. In the following month the price per sq.feet increased to $474. In the following two months the price per sq.feet has increased 105 %, going from $461.5 to $485 per sq.feet. The price per sq.feet has increased 110 % 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 $473.25 to $518.5 during May, and June.
Based upon to the price in Marco Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $748,676. During February the price went through a considerable rise reaching $919,261. During the following two months (March, April) the price has had an average incrementation from $833,968.5 to $889,029. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $961,531 they are 68 % more affordable than the average price for Marco Island. The properties with the highest average price have 4 bedrooms, Their price is 122 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,141,790.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $441 / sq.feet, with an average $517 / sq.feet price in Marco Island. The properties with the highest average prices have 4 bedrooms. They are 24 % more expensive than the average followed by properties with 3 bedrooms with a price at $521 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $961,531 it is 34 % cheaper than the average price in Marco Island. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $1,208,562 it is 80 % 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 $488 / sq.feet followed by "House" priced at $600 / sq.feet. "Detached House" is the most costly type of property with a $2,858 / sq.feet cost followed by "House" with an average price of $600 / sq.feet.