The prices in real estate in Santa Rosa Beach, 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 Santa Rosa Beach has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,117. In the following month the price per sq.feet decreased considerably to $1,129. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 64 % 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 $1,153.75 to $740.5 during February, and March.
Based upon to the price in Santa Rosa Beach (cities), these have remained the same in the last 6 months. The average price for October is $1,682,417. During November the price had a slight fall till $1,551,032. In the following two months the average price has remained the same with regard to the previous two months from $1,616,724.5 to $1,687,153.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $2,123,441 they are 73 % more affordable than the average price for Santa Rosa Beach. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,136,605.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $582 / sq.feet, with an average $783 / sq.feet price in Santa Rosa Beach. The properties with the highest average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $700 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $2,123,441 it is 76 % cheaper than the average price in Santa Rosa Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $957,020 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $240 / sq.feet followed by "Townhouse" priced at $619 / sq.feet. "Land" is the most costly type of property with a $219,441 / sq.feet cost followed by "Condo" with an average price of $831 / sq.feet.