The prices in real estate in Saint Petersburg, 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 Saint Petersburg has increased strongly during the last 6 months. In January, the average price per sq.feet was $275. In February this price pretty much remained the same at a value of $274 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 143 %. The price per sq.feet has had a considerable increase of 121 % 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 $333 to $404 during May, and June.
Based upon to the price in Saint Petersburg (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $477,969. In February This price remains at $477,149. During the following two months (March, April) the price has had an average incrementation from $477,559 to $537,989. Based on an analysis of the first four prices and the last two months the average price has risen strongly 128 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $621,474 they are 63 % more affordable than the average price for Saint Petersburg. The properties with the highest average price have 1 bedroom, Their price is 75 % more costly than the average. After that we have properties with 4 bedrooms priced at $759,600.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $525 / sq.feet, with an average $399 / sq.feet price in Saint Petersburg. The properties with the highest average prices have 1 bedroom. They are 620 % more expensive than the average followed by properties with 3 bedrooms with a price at $939 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $621,474 it is 62 % cheaper than the average price in Saint Petersburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $494,817 it is 50 % 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 $182 / sq.feet followed by "Townhouse" priced at $206 / sq.feet. "Apartment" is the most costly type of property with a $3,396 / sq.feet cost followed by "House" with an average price of $469 / sq.feet.