The prices in real estate in Panacea, 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 Panacea has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $94. In September this price pretty much remained the same at a value of $98 per sq.feet. The price for the following two months in (October, November) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 120 % 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 $61 to $73 during December, and January.
Based upon to the price in Panacea (cities), this has gone downing the last 6 months. The price in August is $100,656, rising in September till $114,820. During the following two months (October, November) the average price had a considerable reduction of 38 % 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 164 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $152,350 in Panacea. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($91 / sq.feet) in Panacea. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $152,350 it is 25 % cheaper than the average price in Panacea. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $114,475 it is 0 % 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 $91 / sq.feet followed by "Condo" priced at $95 / sq.feet. "Condo" is the most costly type of property with a $95 / sq.feet cost followed by "House" with an average price of $91 / sq.feet.