The prices in real estate in Old Town, 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 Old Town has increased strongly during the last 6 months. In June, the average price per sq.feet was $77. In the following month the price per sq.feet increased to $85. The price for the following two months in (August, September) had a considerable increment of 267 %. The price per sq.feet has had a considerable increase of 181 % 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 $148.75 to $269.5 during October, and November.
Based upon to the price in Old Town (cities), this has gone up considerably in the last 6 months. The average price for June is $214,600. During July the price had a considerable reduction till $151,022. During the following two months (August, September) the average price had a considerable increase of 177 % 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 risen strongly 191 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $457,245 they are 53 % more affordable than the average price for Old Town. The properties with the highest average price have 2 bedrooms, Their price is 174 % more costly than the average. After that we have properties with 1 bedroom priced at $1,165,637.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $83 / sq.feet, with an average $253 / sq.feet price in Old Town. The properties with the highest average prices have 1 bedroom. They are 703 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,603 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $457,245 it is 89 % cheaper than the average price in Old Town. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $50,287 it is 62 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $110 / sq.feet followed by "Land" priced at $1,331 / sq.feet. "Land" is the most costly type of property with a $1,331 / sq.feet cost followed by "House" with an average price of $110 / sq.feet.