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 $3,392. In the following month the price per sq.feet increased considerably to $4,256. The price for the following two months in (May, June) had a considerable increment of 128 %. The price per sq.feet has had a considerable increase of 142 % 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 $4,357.5 to $6,176 during July, and August.
Based upon to the price in North Miami Beach (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $1,067,667. In April This price remains at $1,076,744. During the following two months (May, June) the price has had an average incrementation from $1,072,205.5 to $1,217,829. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $1,145,017.25 to $1,052,323 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 $987,023 they are 74 % more affordable than the average price for North Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at $991,440.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $329 / sq.feet, with an average $6,363 / sq.feet price in North Miami Beach. The properties with the lowest average prices have 4 bedrooms. They are 88 % cheaper than the average followed by properties with 3 bedrooms with a price at $593 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $987,023 it is 30 % cheaper than the average price in North Miami Beach. "Villa" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,036,348 it is 37 % 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 $488 / sq.feet followed by "House" priced at $3,810 / sq.feet. "Villa" is the cheapest type of property with a $5,378 / sq.feet value followed by "Townhouse" with an average price of $4,533 / sq.feet.
