The rent prices in real estate in North 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 North Palm Beach has had a strong fall during the last 6 months. In June, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1.68. In the following two months the price per sq.feet has practically remained the same, going from $1.84 to $1.76 per sq.feet. The price per sq.feet has had a considerable fall of 80 % 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 $1.8 to $1.45 during October, and November.
When referring to the price in North Palm Beach (cities), this has fallen considerably in the last 6 months. The average price for June is $2,990. During July the price had a considerable fall till $1,739. During the following two months (August, September) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $2,286.75 to $1,951 in October and November.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 23 % more expensive than the average price of $2,334 in North Palm Beach. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 23 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2697 % more expensive than the average price of ($40 / sq.feet) in North Palm Beach. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2697 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,901 it is 22 % more expensive than the average price in North Palm Beach. "House" is seen as the second most expensive property type. The most expensive property type is "Commercial" followed by "Condo". At a price of $2,491 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $21 / sq.feet followed by "House" priced at $40 / sq.feet. "Condo" is the most expensive type of property with a $101 / sq.feet value followed by "Apartment" with an average price of $59 / sq.feet.