The rent prices in real estate in Palm Beach, in the Florida region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Palm Beach has fallen during the last 6 months. In March, the average price per sq.feet was $1.67. In the following month the price per sq.feet fell to $1.58. The price for the following two months in (May, June) fell 95 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.58 to $1.55 during July y August
When referring to the price in Palm Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $2,033. In April This price remains at $1,942. In the following two months the average price has hardly changed with regard to the previous two months from $1,987.5 to $2,023.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,005.5 and $1,972.5 between July and August.
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 $2,000 they are 20 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 198 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,115.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.34 / sq.feet, with an average $1.52 / sq.feet price in Palm Beach. The properties with the most expensive average prices have 4 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at $1.88 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,000 it is 9 % 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 "House". At a price of $3,494 it is 146 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.01 / sq.feet followed by "Condo" priced at $1.42 / sq.feet. "Villa" is the most expensive type of property with a $63 / sq.feet value followed by "Apartment" with an average price of $2.4 / sq.feet.