The prices in real estate in Pompano Beach, 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 Pompano Beach has increased strongly during the last 6 months. In December, the average price per sq.feet was $860. In the following month the price per sq.feet increased considerably to $1,219. The price for the following two months in (February, March) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable increase of 166 % 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 $919.75 to $1,525 during April, and May.
Based upon to the price in Pompano Beach (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $767,823. In January This price remains at $762,982. In the following two months the average price has remained the same with regard to the previous two months from $765,402.5 to $727,358.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $787,973 they are 67 % more affordable than the average price for Pompano Beach. The properties with the highest average price have 4 bedrooms, Their price is 123 % more costly than the average. After that we have properties with 3 bedrooms priced at $848,332.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $350 / sq.feet, with an average $1,326 / sq.feet price in Pompano Beach. The properties with the lowest average prices have 4 bedrooms. They are 48 % cheaper than the average followed by properties with 3 bedrooms with a price at $469 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $787,973 it is 43 % cheaper than the average price in Pompano Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of $1,023,825 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $278 / sq.feet followed by "Condo" priced at $371 / sq.feet. "Villa" is the most costly type of property with a $7,278 / sq.feet cost followed by "Apartment" with an average price of $2,255 / sq.feet.