The prices in real estate in Miami Beach, 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 Beach has increased strongly during the last 6 months. In March, the average price per sq.feet was $1,460. In the following month the price per sq.feet increased considerably to $3,777. The price for the following two months in (May, June) had a considerable increment of 154 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $3,319.25 to $3,218 during July y August
Based upon to the price in Miami Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $1,477,406. During April the price went through a considerable rise reaching $2,249,886. In the following two months the average price has remained the same with regard to the previous two months from $1,863,646 to $1,914,586. 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 $1,889,116 and $1,916,502 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,136,610 they are 78 % more affordable than the average price for Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 70 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,419,390.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $641 / sq.feet, with an average $2,673 / sq.feet price in Miami Beach. The properties with the lowest average prices have 4 bedrooms. They are 59 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,049 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,136,610 it is 61 % cheaper than the average price in Miami Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $5,813,283 it is 911 % 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 $891 / sq.feet followed by "Townhouse" priced at $2,056 / sq.feet. "Land" is the most costly type of property with a $158,603 / sq.feet cost followed by "Villa" with an average price of $12,808 / sq.feet.