The prices in real estate in Vero Beach, in the Florida region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Vero Beach has remained the same in the last 6 months. In December, the average price per sq.feet was $359. In the following month the price per sq.feet decreased considerably to $271. The price for the following two months in (February, March) had a considerable increment of 152 %. The price per sq.feet has had a considerable deflation of 74 % 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 $397 to $295.5 during April, and May.
Based upon to the price in Vero Beach (cities), this has gone downing the last 6 months. The average price for December is $1,224,061. During January the price had a considerable reduction till $937,499. During the following two months (February, March) the average price had a considerable increase of 120 % 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 $1,189,532.25 to $931,741.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,144,628 they are 90 % more affordable than the average price for Vero Beach. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $836,623.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $167 / sq.feet, with an average $342 / sq.feet price in Vero Beach. The properties with the lowest average prices have 4 bedrooms. They are 7 % cheaper than the average followed by properties with 3 bedrooms with a price at $310 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,144,628 it is 70 % cheaper than the average price in Vero Beach. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $353,965 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $151 / sq.feet followed by "Commercial" priced at $164 / sq.feet. "Condo" is the most costly type of property with a $1,825 / sq.feet cost followed by "Apartment" with an average price of $317 / sq.feet.