The prices in real estate in Spring Hill, 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 Spring Hill has increased strongly during the last 6 months. In February, the average price per sq.feet was $115. In the following month the price per sq.feet increased considerably to $271. In the following two months the price per sq.feet has barely changed, going from $193 to $199 per sq.feet. The price per sq.feet has had a considerable deflation of 60 % 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 $196 to $118.5 during June, and July.
Based upon to the price in Spring Hill (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $235,405. During March the price went through a considerable rise reaching $533,568. In the following two months the average price has remained the same with regard to the previous two months from $384,486.5 to $390,875. During the last two months the average price has had a strong fall compared to the previous four going from $387,680.75 to $240,378, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $229,394 they are 58 % more affordable than the average price for Spring Hill. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $195,780.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $456 / sq.feet, with an average $119 / sq.feet price in Spring Hill. The properties with the highest average prices have 1 bedroom. They are 3397 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,570 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $229,394 it is 15 % cheaper than the average price in Spring Hill. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $196,897 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $84 / sq.feet followed by "Condo" priced at $89 / sq.feet. "House" is the most costly type of property with a $371 / sq.feet cost followed by "Apartment" with an average price of $99 / sq.feet.