The prices in real estate in Sunrise, 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 Sunrise has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $481. In the following month the price per sq.feet decreased considerably to $344. The price for the following two months in (April, May) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $401.25 to $244.5 during June, and July.
Based upon to the price in Sunrise (cities), this has fallen considerably in the last 6 months. The average price for February is $367,384. During March the price had a slight fall till $325,159. During the following two months (April, May) the average price had a considerable reduction of 77 % 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 $306,863.25 to $221,709.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $214,841 they are 44 % more affordable than the average price for Sunrise. The properties with the highest average price have 4 bedrooms, Their price is 144 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,696.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $161 / sq.feet, with an average $163 / sq.feet price in Sunrise. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 3 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $214,841 it is 46 % cheaper than the average price in Sunrise. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $364,725 it is 127 % 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 $128 / sq.feet followed by "House" priced at $212 / sq.feet. "Villa" is the most costly type of property with a $2,296 / sq.feet cost followed by "Apartment" with an average price of $1,301 / sq.feet.