The prices in real estate in Orange City, 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 Orange City has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $546. In the following month the price per sq.feet decreased considerably to $110. The price for the following two months in (June, July) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 138 % 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 $307.5 to $423 during August, and September.
Based upon to the price in Orange City (cities), this has fallen considerably in the last 6 months. The average price for April is $890,231. During May the price had a considerable reduction till $192,997. During the following two months (June, July) the average price had a considerable reduction of 80 % 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 3 bedrooms are the most costly ones. At a price of $297,017 they are 0 % more expensive than the average price for Orange City. Following this ranking we find those properties with 4 at an average price of $361,542. The properties with the highest average price have 1 bedroom, Their price is 192 % more costly than the average. After that we have properties with 2 bedrooms priced at $761,509.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $220 / sq.feet price in Orange City. The properties with the highest average prices have 1 bedroom. They are 626 % more expensive than the average followed by properties with 2 bedrooms with a price at $574 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $297,017 it is 36 % cheaper than the average price in Orange City. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $301,054 it is 674 % 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 $94 / sq.feet followed by "Commercial" priced at $115 / sq.feet. "House" is the cheapest type of property with a $149 / sq.feet value followed by "Commercial" with an average price of $115 / sq.feet.