The rent prices in real estate in Palm Beach, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Palm Beach has had a strong fall during the last 6 months. In November, the average price per sq.feet was $14.38. In the following month the price per sq.feet fell considerably to $12.1. The price for the following two months in (January, February) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has had a considerable rise of 163 % 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 $10.31 to $16.76 during March, and April.
When referring to the price in Palm Beach (cities), this has fallen in the last 6 months. The average price for November is $5,661. During December the price had a slight fall till $5,271. In the following two months the average price has hardly changed with regard to the previous two months from $5,466 to $5,485.5. During the last two months the average price has fallen greatly compared to the previous four going from $5,475.75 to $4,585, which means a 84 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $4,067 they are 43 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,367.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.4 / sq.feet, with an average $17.32 / sq.feet price in Palm Beach. The properties with the most affordable average prices have 4 bedrooms. They are 82 % more affordable than the average followed by properties with 1 bedroom with a price at $2.89 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $4,067 it is 31 % more affordable than the average price in Palm Beach. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Villa". At a price of $5,186 it is 54 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.34 / sq.feet followed by "Villa" priced at $4.31 / sq.feet. "House" is the most expensive type of property with a $44.07 / sq.feet value followed by "Apartment" with an average price of $29.7 / sq.feet.