The prices in real estate in Sanibel, 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 Sanibel has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,486. In the following month the price per sq.feet decreased considerably to $3,994. The price for the following two months in (January, February) had a considerable decrease of 69 with regard to the prior two months. 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 $4,425.5 to $3,290.5 during March, and April.
Based upon to the price in Sanibel (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $587,158. During December the price went through a considerable rise reaching $998,095. During the following two months (January, February) the price has had an average incrementation from $792,626.5 to $875,565. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $834,095.75 to $726,064 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $621,719 they are 20 % more affordable than the average price for Sanibel. The properties with the highest average price have 4 bedrooms, Their price is 130 % more costly than the average. After that we have properties with 3 bedrooms priced at $743,144.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $382 / sq.feet, with an average $2,841 / sq.feet price in Sanibel. The properties with the lowest average prices have 1 bedroom. They are 10 % cheaper than the average followed by properties with 4 bedrooms with a price at $473 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $621,719 it is 38 % cheaper than the average price in Sanibel. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $385,088 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $275 / sq.feet followed by "Condo" priced at $3,607 / sq.feet. "Condo" is the most costly type of property with a $3,607 / sq.feet cost followed by "House" with an average price of $275 / sq.feet.