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 May, the average price per sq.feet was $341. In the following month the price per sq.feet increased to $367. The price for the following two months in (July, August) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 121 % 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 $423.75 to $511 during September, and October.
Based upon to the price in North Palm Beach (cities), this has gone up considerably in the last 6 months. The price in May is $858,275, rising in June till $979,376. During the following two months (July, August) the average price had a considerable increase of 180 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $1,472,183 they are 91 % more affordable than the average price for North Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,044,666.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $211 / sq.feet, with an average $507 / sq.feet price in North Palm Beach. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 4 bedrooms with a price at $459 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,472,183 it is 79 % cheaper than the average price in North Palm Beach. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $586,325 it is 49 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $244 / sq.feet followed by "House" priced at $286 / sq.feet. "Apartment" is the cheapest type of property with a $330 / sq.feet value followed by "House" with an average price of $286 / sq.feet.