The prices in real estate in Margate, 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 Margate has increased strongly during the last 6 months. In April, the average price per sq.feet was $112. In the following month the price per sq.feet increased considerably to $455. In the following two months the price per sq.feet has increased 107 %, going from $283.5 to $304.5 per sq.feet. The price per sq.feet has had a considerable deflation of 66 % 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 $294 to $194.5 during August, and September.
Based upon to the price in Margate (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $238,834. During May the price went through a considerable rise reaching $388,703. During the following two months (June, July) the average price had a considerable increase of 136 % 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 $369,816.75 to $305,110, 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 $229,671 they are 48 % more affordable than the average price for Margate. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $279,527.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $133 / sq.feet, with an average $167 / sq.feet price in Margate. The properties with the highest average prices have 3 bedrooms. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $229,671 it is 50 % cheaper than the average price in Margate. "House" is seen as the second most affordable property type. The dearest property type is "Multi Family House" followed by "Villa". At a price of $391,265 it is 178 % 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 $113 / sq.feet followed by "House" priced at $186 / sq.feet. "Villa" is the most costly type of property with a $999 / sq.feet cost followed by "Multi Family House" with an average price of $275 / sq.feet.