Property prices for sale in Palm Beach (Florida)
The prices in real estate in Palm 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 Palm Beach has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,412. In the following month the price per sq.feet increased to $2,619. In the following two months the price per sq.feet has barely changed, going from $2,515.5 to $2,417.5 per sq.feet. The price per sq.feet has had a considerable increase of 135 % 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 $2,466.5 to $3,335 during March, and April.
Based upon to the price in Palm Beach (cities), this has gone up considerably in the last 6 months. The price in November is $1,298,259, rising in December till $1,428,067. During the following two months (January, February) the price has had an average incrementation from $1,363,163 to $1,556,341.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,659,136 they are 56 % more affordable than the average price for Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 75 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,067,857.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $474 / sq.feet, with an average $3,671 / sq.feet price in Palm Beach. The properties with the lowest average prices have 1 bedroom. They are 76 % cheaper than the average followed by properties with 4 bedrooms with a price at $775 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,659,136 it is 79 % cheaper than the average price in Palm Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $2,119,825 it is 510 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $928 / sq.feet followed by "Apartment" priced at $1,509 / sq.feet. "Land" is the most costly type of property with a $3,867,456 / sq.feet cost followed by "Villa" with an average price of $5,729 / sq.feet.
