The prices in real estate in New Smyrna Beach, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in New Smyrna Beach has increased during the last 6 months. In May, the average price per sq.feet was $224. In June this price pretty much remained the same at a value of $226 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $225 to $244 per sq.feet. 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 $234.5 to $241 during September y October
Based upon to the price in New Smyrna Beach (cities), these have remained the same in the last 6 months. The price in May is $490,005, rising in June till $524,347. During the following two months (July, August) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $553,643.5 to $409,277.5, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $402,043 they are 45 % more affordable than the average price for New Smyrna Beach. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at $435,407.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $219 / sq.feet, with an average $226 / sq.feet price in New Smyrna Beach. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $258 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $402,043 it is 64 % cheaper than the average price in New Smyrna Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $493,555 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $9 / sq.feet followed by "Townhouse" priced at $185 / sq.feet. "Condo" is the most costly type of property with a $262 / sq.feet cost followed by "House" with an average price of $255 / sq.feet.