The prices in real estate in Wellington, 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 Wellington has increased during the last 6 months. In January, the average price per sq.feet was $365. In the following month the price per sq.feet decreased considerably to $275. The price for the following two months in (March, April) had a considerable increment of 130 %. The price per sq.feet has had a considerable increase of 122 % 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 $367.75 to $448 during May, and June.
Based upon to the price in Wellington (cities), these have remained the same in the last 6 months. The average price for January is $1,498,466. During February the price had a considerable reduction till $857,140. During the following two months (March, April) the average price had a considerable increase of 133 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,723,611 they are 58 % more affordable than the average price for Wellington. The properties with the highest average price have 1 bedroom, Their price is 112 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,842,044.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $292 / sq.feet, with an average $463 / sq.feet price in Wellington. The properties with the highest average prices have 1 bedroom. They are 160 % more expensive than the average followed by properties with 2 bedrooms with a price at $544 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,723,611 it is 78 % cheaper than the average price in Wellington. "Condo" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Apartment". At a price of $1,478,913 it is 8 % 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 $197 / sq.feet followed by "Townhouse" priced at $212 / sq.feet. "Villa" is the cheapest type of property with a $438 / sq.feet value followed by "Apartment" with an average price of $333 / sq.feet.