Property prices for sale in Merritt Island (Florida)
The prices in real estate in Merritt Island, 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 Merritt Island has remained the same in the last 6 months. In November, the average price per sq.feet was $291. In December this price pretty much remained the same at a value of $285 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $288 to $301 per sq.feet. The price per sq.feet has increased 108 % 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 $294.5 to $317 during March, and April.
Based upon to the price in Merritt Island (cities), this has gone up in the last 6 months. The average price for November is $572,809. During December the price had a slight fall till $521,880. In the following two months the average price has remained the same with regard to the previous two months from $547,344.5 to $573,811.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $696,807 they are 54 % more affordable than the average price for Merritt Island. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $548,350.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $268 / sq.feet, with an average $318 / sq.feet price in Merritt Island. The properties with the highest average prices have 1 bedroom. They are 117 % more expensive than the average followed by properties with 4 bedrooms with a price at $296 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $696,807 it is 44 % cheaper than the average price in Merritt Island. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $757,744 it is 113 % 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 $259 / sq.feet followed by "Townhouse" priced at $304 / sq.feet. "Land" is the most costly type of property with a $246,286 / sq.feet cost followed by "Detached House" with an average price of $458 / sq.feet.
