The prices in real estate in Punta Gorda, 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 Punta Gorda has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,685. In the following month the price per sq.feet decreased considerably to $383. The price for the following two months in (May, June) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable increase of 341 % 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 $1,258 to $4,288 during July, and August.
Based upon to the price in Punta Gorda (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $487,993. During April the price went through a considerable rise reaching $603,263. In the following two months the average price has remained the same with regard to the previous two months from $545,628 to $543,031. During the last two months the average price has had a strong fall compared to the previous four going from $544,329.5 to $440,429.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $397,903 they are 53 % more affordable than the average price for Punta Gorda. The properties with the highest average price have 3 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 4 bedrooms priced at $503,738.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $270 / sq.feet, with an average $4,100 / sq.feet price in Punta Gorda. The properties with the highest average prices have 3 bedrooms. They are 115 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,433 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $397,903 it is 81 % cheaper than the average price in Punta Gorda. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $538,495 it is 101 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $212 / sq.feet followed by "Condo" priced at $231 / sq.feet. "Land" is the most costly type of property with a $10,303 / sq.feet cost followed by "House" with an average price of $7,589 / sq.feet.