The prices in real estate in New Smyrna Beach, in the Florida region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in New Smyrna Beach has remained the same in the last 6 months. In July, the average price per sq.feet was $386. In the following month the price per sq.feet increased considerably to $530. The price for the following two months in (September, October) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $416.75 to $320 during November, and December.
Based upon to the price in New Smyrna Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $394,953. During August the price went through a considerable rise reaching $458,970. During the following two months (September, October) the average price fell 85 % 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 179 % 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 $638,353 they are 39 % more affordable than the average price for New Smyrna Beach. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $453,303.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $117 / sq.feet, with an average $311 / sq.feet price in New Smyrna Beach. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $638,353 it is 25 % cheaper than the average price in New Smyrna Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $760,200 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $200 / sq.feet followed by "Condo" priced at $337 / sq.feet. "Commercial" is the most costly type of property with a $5,485 / sq.feet cost followed by "House" with an average price of $338 / sq.feet.