The prices in real estate in Margate, 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 Margate has remained the same in the last 6 months. In January, the average price per sq.feet was $156. In February this price pretty much remained the same at a value of $152 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $154 to $148 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 $151 to $165.5 during May, and June.
Based upon to the price in Margate (cities), these have remained the same in the last 6 months. The average price for January is $210,007. During February the price had a slight fall till $191,843. In the following two months the average price has remained the same with regard to the previous two months from $200,925 to $204,924. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $234,677 they are 67 % more affordable than the average price for Margate. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $333,677.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $104 / sq.feet, with an average $168 / sq.feet price in Margate. The properties with the highest average prices have 3 bedrooms. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $194 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $234,677 it is 44 % cheaper than the average price in Margate. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Multi Family House" followed by "Villa". At a price of $387,753 it is 170 % 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 $134 / sq.feet followed by "Townhouse" priced at $183 / sq.feet. "Villa" is the most costly type of property with a $990 / sq.feet cost followed by "Multi Family House" with an average price of $266 / sq.feet.