The prices in real estate in Pensacola, 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 Pensacola has increased strongly during the last 6 months. In April, the average price per sq.feet was $169. In the following month the price per sq.feet increased considerably to $224. The price for the following two months in (June, July) had a considerable increment of 128 %. The price per sq.feet has had a considerable deflation of 74 % 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 $223.75 to $166.5 during August, and September.
Based upon to the price in Pensacola (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $378,873. During May the price went through a considerable rise reaching $589,151. During the following two months (June, July) the average price had a considerable increase of 150 % 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 $604,479.75 to $373,735.5, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $274,513 they are 40 % more affordable than the average price for Pensacola. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $313,686.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $146 / sq.feet, with an average $143 / sq.feet price in Pensacola. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 4 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $274,513 it is 34 % cheaper than the average price in Pensacola. "Duplex" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Condo". At a price of $449,149 it is 65 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $100 / sq.feet followed by "House" priced at $138 / sq.feet. "Land" is the most costly type of property with a $1,834 / sq.feet cost followed by "Office" with an average price of $1,670 / sq.feet.