The prices in real estate in Merritt 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 Merritt Island has increased strongly during the last 6 months. In November, the average price per sq.feet was $150. In the following month the price per sq.feet increased considerably to $215. The price for the following two months in (January, February) had a considerable increment of 207 %. The price per sq.feet has had a considerable deflation of 65 % 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 $280 to $182 during March, and April.
Based upon to the price in Merritt Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $301,832. During December the price went through a considerable rise reaching $389,283. During the following two months (January, February) the price has had an average incrementation from $345,557.5 to $389,733.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $367,645.5 and $383,927.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $370,118 they are 4 % more expensive than the average price for Merritt Island. Following this ranking we find those properties with 2 at an average price of $411,585. The properties with the highest average price have 2 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 1 bedroom priced at $384,067.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $147 / sq.feet, with an average $173 / sq.feet price in Merritt Island. The properties with the highest average prices have 2 bedrooms. They are 229 % more expensive than the average followed by properties with 1 bedroom with a price at $147 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $370,118 it is 19 % cheaper than the average price in Merritt Island. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $298,573 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $160 / sq.feet followed by "House" priced at $570 / sq.feet. "House" is the most costly type of property with a $570 / sq.feet cost followed by "Townhouse" with an average price of $160 / sq.feet.