The prices in real estate in Summerfield, 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 Summerfield has increased strongly during the last 6 months. In April, the average price per sq.feet was $179. In the following month the price per sq.feet increased considerably to $410. The price for the following two months in (June, July) had a considerable increment of 178 %. The price per sq.feet has had a considerable deflation of 34 % 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 $409 to $138.5 during August, and September.
Based upon to the price in Summerfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $220,269. During May the price went through a considerable rise reaching $613,047. During the following two months (June, July) the average price had a considerable increase of 154 % 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 $528,356.75 to $235,944.5, which means a 45 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $258,010 they are 63 % more affordable than the average price for Summerfield. The properties with the highest average price have 3 bedrooms, Their price is 82 % more costly than the average. After that we have properties with 4 bedrooms priced at $459,207.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $100 / sq.feet, with an average $144 / sq.feet price in Summerfield. The properties with the highest average prices have 3 bedrooms. They are 35 % more expensive than the average followed by properties with 4 bedrooms with a price at $141 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $258,010 it is 13 % cheaper than the average price in Summerfield. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $223,397 it is 4 % 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 $133 / sq.feet followed by "Land" priced at $151 / sq.feet. "Land" is the most costly type of property with a $151 / sq.feet cost followed by "House" with an average price of $133 / sq.feet.