The prices in real estate in Mount Dora, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Mount Dora has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $534. In the following month the price per sq.feet decreased considerably to $308. The price for the following two months in (September, October) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 57 % 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 $293.25 to $168 during November, and December.
Based upon to the price in Mount Dora (cities), this has gone downing the last 6 months. The price in July is $430,009, rising in August till $490,489. During the following two months (September, October) the average price had a considerable reduction of 78 % with regard to the previous two months. 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 $408,693.25 and $389,333.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $385,815 they are 30 % more affordable than the average price for Mount Dora. The properties with the highest average price have 1 bedroom, Their price is 126 % more costly than the average. After that we have properties with 4 bedrooms priced at $386,681.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $168 / sq.feet price in Mount Dora. The properties with the highest average prices have 1 bedroom. They are 533 % more expensive than the average followed by properties with 2 bedrooms with a price at $176 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $385,815 it is 29 % cheaper than the average price in Mount Dora. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $317,214 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $102 / sq.feet followed by "Condo" priced at $107 / sq.feet. "House" is the cheapest type of property with a $147 / sq.feet value followed by "Commercial" with an average price of $125 / sq.feet.