Property prices for sale in Miami (Florida)
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 October, the average price per sq.feet was $2,181. In the following month the price per sq.feet decreased to $2,050. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 148 % 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 $2,342.25 to $3,476.5 during February, and March.
Based upon to the price in Miami (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $1,032,904. In November This price remains at $1,051,650. During the following two months (December, January) the average price fell 91 % 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 gone up 111 % 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 $1,021,739 they are 57 % more affordable than the average price for Miami. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,234,165.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $555 / sq.feet, with an average $3,910 / sq.feet price in Miami. The properties with the lowest average prices have 3 bedrooms. They are 82 % cheaper than the average followed by properties with 4 bedrooms with a price at $579 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,021,739 it is 30 % cheaper than the average price in Miami. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $2,498,458 it is 183 % 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 $720 / sq.feet followed by "Townhouse" priced at $2,842 / sq.feet. "Land" is the most costly type of property with a $1,112,879 / sq.feet cost followed by "Apartment" with an average price of $6,709 / sq.feet.
