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 June, the average price per sq.feet was $671. In the following month the price per sq.feet increased considerably to $2,179. In the following two months the price per sq.feet has barely changed, going from $1,425 to $1,490 per sq.feet. The price per sq.feet has had a considerable increase of 124 % 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 $1,457.5 to $1,814 during October, and November.
Based upon to the price in North Miami Beach (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $848,989. In July This price remains at $855,440. In the following two months the average price has remained the same with regard to the previous two months from $852,214.5 to $825,265. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $817,014 they are 70 % more affordable than the average price for North Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $888,235.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $331 / sq.feet, with an average $1,859 / sq.feet price in North Miami Beach. The properties with the lowest average prices have 4 bedrooms. They are 69 % cheaper than the average followed by properties with 3 bedrooms with a price at $574 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $817,014 it is 45 % cheaper than the average price in North Miami Beach. "Duplex" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $992,080 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $330 / sq.feet followed by "Apartment" priced at $435 / sq.feet. "Villa" is the most costly type of property with a $5,833 / sq.feet cost followed by "Townhouse" with an average price of $3,133 / sq.feet.