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 October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $934. The price for the following two months in (December, January) had a considerable increment of 921 %. The price per sq.feet has had a considerable increase of 255 % 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 $2,383 to $6,066 during February, and March.
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 October, is . During November the price went through a considerable rise reaching $769,375. During the following two months (December, January) the average price had a considerable increase of 370 % 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 252 % 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 $2,314,319 they are 74 % more affordable than the average price for Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 79 % more costly than the average. After that we have properties with 1 bedroom priced at $3,042,391.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $477 / sq.feet, with an average $6,239 / sq.feet price in Miami Beach. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,426 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,314,319 it is 87 % cheaper than the average price in Miami Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $2,232,452 it is 106 % 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 $433 / sq.feet followed by "Commercial" priced at $1,091 / sq.feet. "Apartment" is the most costly type of property with a $8,059 / sq.feet cost followed by "House" with an average price of $6,324 / sq.feet.