Property prices for sale in West Palm Beach (Florida)
The prices in real estate in West Palm Beach, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in West Palm Beach has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,334. In the following month the price per sq.feet decreased considerably to $1,648. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable increase of 118 % 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 $1,715.5 to $2,027 during February, and March.
Based upon to the price in West Palm Beach (cities), this has fallen considerably in the last 6 months. The average price for October is $1,086,974. During November the price had a considerable reduction till $895,071. During the following two months (December, January) the average price had a considerable reduction of 84 % with regard to the previous two months. 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 $913,571.75 and $879,269.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $918,961 they are 73 % more affordable than the average price for West Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 106 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,227,365.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $311 / sq.feet, with an average $2,586 / sq.feet price in West Palm Beach. The properties with the lowest average prices have 4 bedrooms. They are 74 % cheaper than the average followed by properties with 3 bedrooms with a price at $606 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $918,961 it is 48 % cheaper than the average price in West Palm Beach. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,221,066 it is 282 % 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 $491 / sq.feet followed by "Townhouse" priced at $1,379 / sq.feet. "Land" is the most costly type of property with a $1,188,767 / sq.feet cost followed by "Villa" with an average price of $4,905 / sq.feet.
