The prices in real estate in Sarasota, 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 Sarasota has increased strongly during the last 6 months. In March, the average price per sq.feet was $273. In the following month the price per sq.feet increased to $303. The price for the following two months in (May, June) had a considerable increment of 167 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $384.5 to $371 during July y August
Based upon to the price in Sarasota (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $532,824. During April the price went through a considerable rise reaching $666,266. During the following two months (May, June) the average price had a considerable increase of 164 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $790,616.75 to $637,911.5, 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 $506,339 they are 44 % more affordable than the average price for Sarasota. The properties with the highest average price have 4 bedrooms, Their price is 136 % more costly than the average. After that we have properties with 3 bedrooms priced at $589,343.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $254 / sq.feet, with an average $279 / sq.feet price in Sarasota. The properties with the highest average prices have 4 bedrooms. They are 36 % more expensive than the average followed by properties with 1 bedroom with a price at $301 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $506,339 it is 33 % cheaper than the average price in Sarasota. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $417,913 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $185 / sq.feet followed by "Townhouse" priced at $190 / sq.feet. "Condo" is the most costly type of property with a $319 / sq.feet cost followed by "House" with an average price of $263 / sq.feet.