Property prices for sale in Palm Springs (California)
The prices in real estate in Palm Springs, in the California 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 Springs has increased strongly during the last 6 months. In November, the average price per sq.feet was $531. In December this price pretty much remained the same at a value of $532 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 266 %. The price per sq.feet has had a considerable increase of 137 % 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 $972 to $1,327.5 during March, and April.
Based upon to the price in Palm Springs (cities), this has gone up in the last 6 months. The price in November is $968,054, rising in December till $1,060,806. In the following two months the average price has remained the same with regard to the previous two months from $1,014,430 to $1,042,716. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $1,167,064 they are 77 % more affordable than the average price for Palm Springs. 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 $1,244,684.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $385 / sq.feet, with an average $600 / sq.feet price in Palm Springs. The properties with the highest average prices have 4 bedrooms. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $651 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,167,064 it is 82 % cheaper than the average price in Palm Springs. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $980,125 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $200 / sq.feet followed by "Condo" priced at $400 / sq.feet. "Land" is the most costly type of property with a $373,005 / sq.feet cost followed by "Villa" with an average price of $4,362 / sq.feet.
