The prices in real estate in Sopchoppy, 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 Sopchoppy has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $10,404. In the following month the price per sq.feet decreased considerably to $220. In the following two months the price per sq.feet has barely changed, going from $5,312 to $5,516.5 per sq.feet. The price per sq.feet has had a considerable increase of 196 % 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 $5,414.25 to $10,593.5 during February, and March.
Based upon to the price in Sopchoppy (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $232,363. During November the price went through a considerable rise reaching $269,041. During the following two months (December, January) the price has had an average incrementation from $250,702 to $278,205.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $281,656 they are 20 % more affordable than the average price for Sopchoppy. The properties with the highest average price have 2 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $263,432.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $13,510 / sq.feet price in Sopchoppy. The properties with the lowest average prices have 2 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $260 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $281,656 it is 33 % cheaper than the average price in Sopchoppy. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $187,403 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $215 / sq.feet followed by "Land" priced at $45,287 / sq.feet. "Land" is the most costly type of property with a $45,287 / sq.feet cost followed by "House" with an average price of $215 / sq.feet.