The prices in real estate in Venice, 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 Venice has increased strongly during the last 6 months. In April, the average price per sq.feet was $171. In May this price pretty much remained the same at a value of $167 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 252 %. The price per sq.feet has had a considerable deflation of 53 % 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 $297.75 to $157.5 during August, and September.
Based upon to the price in Venice (cities), this has gone downing the last 6 months. The average price for April is $371,370. During May the price had a slight fall till $345,979. During the following two months (June, July) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $343,885 to $298,689.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $306,146 they are 74 % more affordable than the average price for Venice. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $330,236.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $118 / sq.feet, with an average $161 / sq.feet price in Venice. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $165 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $306,146 it is 11 % cheaper than the average price in Venice. "Commercial" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Villa". At a price of $342,829 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $164 / sq.feet followed by "Condo" priced at $203 / sq.feet. "Commercial" is the most costly type of property with a $696 / sq.feet cost followed by "Office" with an average price of $248 / sq.feet.