The prices in real estate in Vero Beach, 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 Vero Beach has increased strongly during the last 6 months. In February, the average price per sq.feet was $152. In March this price pretty much remained the same at a value of $151 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $151.5 to $154 per sq.feet. The price per sq.feet has had a considerable increase of 251 % 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 $152.75 to $383.5 during June, and July.
Based upon to the price in Vero Beach (cities), these have remained the same in the last 6 months. The average price for February is $332,317. During March the price had a slight fall till $304,529. In the following two months the average price has remained the same with regard to the previous two months from $318,423 to $321,268. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $319,845.5 and $323,415.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $322,071 they are 83 % more affordable than the average price for Vero Beach. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $358,312.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $592 / sq.feet price in Vero Beach. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $486 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $322,071 it is 6 % cheaper than the average price in Vero Beach. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $355,743 it is 295 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $174 / sq.feet followed by "House" priced at $558 / sq.feet. "Land" is the most costly type of property with a $3,930 / sq.feet cost followed by "Condo" with an average price of $1,835 / sq.feet.