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 October, the average price per sq.feet was $286. In the following month the price per sq.feet decreased to $253. The price for the following two months in (December, January) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $198.25 to $169.5 during February, and March.
Based upon to the price in Old Town (cities), this has fallen considerably in the last 6 months. The average price for October is $510,936. During November the price had a slight fall till $457,245. During the following two months (December, January) the average price had a considerable reduction of 46 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $353,913.75 to $295,728, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $289,313 they are 78 % more affordable than the average price for Old Town. The properties with the highest average price have 4 bedrooms, Their price is 203 % more costly than the average. After that we have properties with 3 bedrooms priced at $579,678.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $139 / sq.feet, with an average $170 / sq.feet price in Old Town. The properties with the highest average prices have 4 bedrooms. They are 118 % more expensive than the average followed by properties with 3 bedrooms with a price at $363 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $289,313 it is 83 % 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 $50,083 it is 31 % 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 $120 / sq.feet followed by "Land" priced at $1,323 / sq.feet. "Land" is the most costly type of property with a $1,323 / sq.feet cost followed by "House" with an average price of $120 / sq.feet.