The prices in real estate in Melbourne Beach, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Melbourne Beach has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $39,613. In the following month the price per sq.feet decreased considerably to $284. The price for the following two months in (December, January) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 3 % 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 $10,113.75 to $270.5 during February, and March.
Based upon to the price in Melbourne Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $559,900. During November the price went through a considerable rise reaching $779,678. During the following two months (December, January) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $823,927 they are 84 % more affordable than the average price for Melbourne Beach. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,142,330.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $259 / sq.feet price in Melbourne Beach. The properties with the highest average prices have 1 bedroom. They are 82807 % more expensive than the average followed by properties with 3 bedrooms with a price at $398 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $823,927 it is 14 % cheaper than the average price in Melbourne Beach. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,105,832 it is 47 % 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 $243 / sq.feet followed by "House" priced at $412 / sq.feet. "Land" is the most costly type of property with a $1,193 / sq.feet cost followed by "House" with an average price of $412 / sq.feet.