The prices in real estate in Orlando, 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 Orlando has increased strongly during the last 6 months. In March, the average price per sq.feet was $205. In the following month the price per sq.feet decreased to $177. The price for the following two months in (May, June) had a considerable increment of 147 %. The price per sq.feet has had a considerable increase of 122 % 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 $236.25 to $287.5 during July, and August.
Based upon to the price in Orlando (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $327,044. In April This price remains at $318,228. During the following two months (May, June) the average price had a considerable increase of 148 % 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 125 % 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 $498,549 they are 56 % more affordable than the average price for Orlando. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $364,429.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $170 / sq.feet, with an average $283 / sq.feet price in Orlando. The properties with the highest average prices have 1 bedroom. They are 1643 % more expensive than the average followed by properties with 2 bedrooms with a price at $280 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $498,549 it is 65 % cheaper than the average price in Orlando. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $534,215 it is 255 % 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 $208 / sq.feet followed by "House" priced at $230 / sq.feet. "Land" is the most costly type of property with a $78,625 / sq.feet cost followed by "Townhouse" with an average price of $9,109 / sq.feet.