The prices in real estate in Summerfield, 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 Summerfield has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $632. In the following month the price per sq.feet decreased considerably to $133. The price for the following two months in (September, October) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 55 % 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 $263.5 to $145.5 during November, and December.
Based upon to the price in Summerfield (cities), this has fallen considerably in the last 6 months. The average price for July is $776,328. During August the price had a considerable reduction till $213,879. During the following two months (September, October) the average price had a considerable reduction of 53 % 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 $378,458.25 to $257,531, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $264,280 they are 18 % more affordable than the average price for Summerfield. The properties with the highest average price have 1 bedroom, Their price is 133 % more costly than the average. After that we have properties with 4 bedrooms priced at $427,341.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $149 / sq.feet price in Summerfield. The properties with the highest average prices have 1 bedroom. They are 782 % more expensive than the average followed by properties with 4 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $264,280 it is 42 % cheaper than the average price in Summerfield. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Farm". At a price of $953,000 it is 356 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $137 / sq.feet followed by "House" priced at $144 / sq.feet. "Land" is the most costly type of property with a $484 / sq.feet cost followed by "Farm" with an average price of $470 / sq.feet.