Property prices for sale in North Palm Beach (Florida)
The prices in real estate in North 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 North Palm Beach has increased strongly during the last 6 months. In March, the average price per sq.feet was $3,894. In the following month the price per sq.feet decreased considerably to $3,119. The price for the following two months in (May, June) had a considerable increment of 115 %. The price per sq.feet has had a considerable increase of 159 % 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 $3,777.5 to $6,022 during July, and August.
Based upon to the price in North Palm Beach (cities), this has gone downing the last 6 months. The average price for March is $1,876,552. During April the price had a considerable reduction till $1,485,381. In the following two months the average price has remained the same with regard to the previous two months from $1,680,966.5 to $1,648,721.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $1,809,499 they are 85 % more affordable than the average price for North Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 113 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,631,710.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $360 / sq.feet, with an average $6,373 / sq.feet price in North Palm Beach. The properties with the lowest average prices have 4 bedrooms. They are 81 % cheaper than the average followed by properties with 3 bedrooms with a price at $722 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,809,499 it is 62 % cheaper than the average price in North Palm Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Detached House". At a price of $2,571,183 it is 83 % 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 $439 / sq.feet followed by "Detached House" priced at $739 / sq.feet. "Villa" is the most costly type of property with a $9,197 / sq.feet cost followed by "Townhouse" with an average price of $3,977 / sq.feet.
