The prices in real estate in Tallahassee, 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 Tallahassee has increased strongly during the last 6 months. In February, the average price per sq.feet was $139. In the following month the price per sq.feet increased to $147. In the following two months the price per sq.feet has increased 109 %, going from $143 to $156 per sq.feet. The price per sq.feet has had a considerable increase of 137 % 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 $149.5 to $205 during June, and July.
Based upon to the price in Tallahassee (cities), this has gone up considerably in the last 6 months. The price in February is $244,432, rising in March till $261,078. During the following two months (April, May) the price has had an average incrementation from $252,755 to $277,646.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $283,838 they are 54 % more affordable than the average price for Tallahassee. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $250,330.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $149 / sq.feet, with an average $259 / sq.feet price in Tallahassee. The properties with the highest average prices have 2 bedrooms. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $282 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $283,838 it is 80 % cheaper than the average price in Tallahassee. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $273,113 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $127 / sq.feet followed by "Commercial" priced at $137 / sq.feet. "Condo" is the most costly type of property with a $899 / sq.feet cost followed by "Land" with an average price of $258 / sq.feet.