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 November, the average price per sq.feet was $489. In the following month the price per sq.feet decreased considerably to $405. The price for the following two months in (January, February) had a considerable increment of 541 %. The price per sq.feet has had a considerable increase of 288 % 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 $1,432.5 to $4,122.5 during March, and April.
Based upon to the price in North Miami Beach (cities), this has gone up considerably in the last 6 months. The average price for November is $895,660. During December the price had a considerable reduction till $752,823. During the following two months (January, February) the average price had a considerable increase of 151 % 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 gone up 107 % 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 $1,043,141 they are 66 % more affordable than the average price for North Miami Beach. The properties with the highest average price have 4 bedrooms, Their price is 232 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,466,650.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $402 / sq.feet, with an average $4,051 / sq.feet price in North Miami Beach. The properties with the highest average prices have 4 bedrooms. They are 1662 % more expensive than the average followed by properties with 3 bedrooms with a price at $617 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,043,141 it is 42 % cheaper than the average price in North Miami Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $1,794,836 it is 147 % 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 $453 / sq.feet followed by "Condo" priced at $553 / sq.feet. "Commercial" is the most costly type of property with a $34,108 / sq.feet cost followed by "Villa" with an average price of $5,056 / sq.feet.