Property prices for sale in North Miami Beach (Florida)
The prices in real estate in North 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 North Miami Beach has increased strongly during the last 6 months. In March, the average price per sq.feet was $1,328. In the following month the price per sq.feet increased considerably to $2,491. The price for the following two months in (May, June) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 122 % 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 $2,278.75 to $2,773.5 during July, and August.
Based upon to the price in North Miami Beach (cities), these have remained the same in the last 6 months. The price in March is $841,956, rising in April till $899,117. During the following two months (May, June) the price has had an average incrementation from $870,536.5 to $921,985. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $896,260.75 to $835,519 in 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 $762,380 they are 69 % more affordable than the average price for North Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 114 % more costly than the average. After that we have properties with 3 bedrooms priced at $885,925.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $285 / sq.feet, with an average $2,529 / sq.feet price in North Miami Beach. The properties with the lowest average prices have 4 bedrooms. They are 74 % cheaper than the average followed by properties with 3 bedrooms with a price at $541 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $762,380 it is 40 % cheaper than the average price in North Miami Beach. "Villa" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $2,748,750 it is 322 % 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 $386 / sq.feet followed by "Detached House" priced at $958 / sq.feet. "Land" is the most costly type of property with a $75,392 / sq.feet cost followed by "Villa" with an average price of $5,447 / sq.feet.
