The prices in real estate in Miami, 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 Miami has increased strongly during the last 6 months. In September, the average price per sq.feet was $275. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 320 %. The price per sq.feet has had a considerable increase of 327 % 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 $288.75 to $943.5 during January, and February.
Based upon to the price in Miami (cities), this has gone downing the last 6 months. The average price for September is $468,744. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 189 % 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 169 % 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 $513,537 they are 23 % more affordable than the average price for Miami. The properties with the highest average price have 1 bedroom, Their price is 41 % more costly than the average. After that we have properties with 4 bedrooms priced at $522,403.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $254 / sq.feet, with an average $670 / sq.feet price in Miami. The properties with the highest average prices have 1 bedroom. They are 127 % more expensive than the average followed by properties with 2 bedrooms with a price at $861 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $513,537 it is 44 % cheaper than the average price in Miami. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $784,773 it is 73 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $153 / sq.feet followed by "House" priced at $240 / sq.feet. "Apartment" is the most costly type of property with a $3,365 / sq.feet cost followed by "Townhouse" with an average price of $2,603 / sq.feet.