The prices in real estate in Ormond Beach, 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 Ormond Beach has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $288. In the following month the price per sq.feet decreased considerably to $194. The price for the following two months in (October, November) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $207 to $169.5 during December, and January.
Based upon to the price in Ormond Beach (cities), this has fallen considerably in the last 6 months. The average price for August is $669,931. During September the price had a considerable reduction till $423,661. During the following two months (October, November) the average price had a considerable reduction of 67 % 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 $455,741.25 to $354,654, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $353,790 they are 30 % more affordable than the average price for Ormond Beach. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $362,838.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $180 / sq.feet, with an average $166 / sq.feet price in Ormond Beach. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $353,790 it is 41 % cheaper than the average price in Ormond Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $347,445 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $17 / sq.feet followed by "Commercial" priced at $137 / sq.feet. "Condo" is the most costly type of property with a $229 / sq.feet cost followed by "House" with an average price of $191 / sq.feet.