The prices in real estate in Vero Beach, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Vero Beach has increased during the last 6 months. In April, the average price per sq.feet was $249. In the following month the price per sq.feet increased considerably to $342. In the following two months the price per sq.feet has barely changed, going from $295.5 to $303.5 per sq.feet. The price per sq.feet has had a considerable deflation of 80 % 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 $299.5 to $239.5 during August, and September.
Based upon to the price in Vero Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $718,855. During May the price went through a considerable rise reaching $1,144,628. In the following two months the average price has remained the same with regard to the previous two months from $931,741.5 to $919,991.5. During the last two months the average price has had a strong fall compared to the previous four going from $925,866.5 to $699,893, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $428,245 they are 77 % more affordable than the average price for Vero Beach. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $387,657.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $126 / sq.feet, with an average $185 / sq.feet price in Vero Beach. The properties with the highest average prices have 4 bedrooms. They are 26 % more expensive than the average followed by properties with 3 bedrooms with a price at $188 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $428,245 it is 62 % cheaper than the average price in Vero Beach. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $349,945 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $16 / sq.feet followed by "Condo" priced at $131 / sq.feet. "House" is the cheapest type of property with a $185 / sq.feet value followed by "Commercial" with an average price of $160 / sq.feet.