The prices in real estate in Old Town, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Old Town has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $541. In the following month the price per sq.feet decreased considerably to $41. The price for the following two months in (October, November) had a considerable decrease of 7 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 38 % 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 $155.75 to $59 during December, and January.
Based upon to the price in Old Town (cities), these have remained the same in the last 6 months. The average price during our first sample month during August, is $54,675. During September the price went through a considerable rise reaching $72,250. During the following two months (October, November) the average price had a considerable reduction of 57 % 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 124 % 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 $123,118 they are 59 % more affordable than the average price for Old Town. The properties with the lowest average price have 2 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $111,000.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $84 / sq.feet, with an average $118 / sq.feet price in Old Town. The properties with the highest average prices have 4 bedrooms. They are 1045 % more expensive than the average followed by properties with 1 bedroom with a price at $298 / sq.feet.
With regard to the average price based upon the property in Old Town we can see that the cheapest property type is "House" at a price of $50,797, they are 59 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 59 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,351 / sq.feet. "House" at an average price of $1,351 / sq.feet has the most expensive price and would be directed at more affluent cities.