The prices in real estate in Palatka, 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 Palatka has increased strongly during the last 6 months. In March, the average price per sq.feet was $99. In the following month the price per sq.feet increased to $106. 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 331 % 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 $110.25 to $364.5 during July, and August.
Based upon to the price in Palatka (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $151,522. During April the price went through a considerable rise reaching $184,036. During the following two months (May, June) the price has had an average incrementation from $167,779 to $179,616.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 370 % 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 $220,379 they are 62 % more affordable than the average price for Palatka. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $177,259.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $107 / sq.feet, with an average $137 / sq.feet price in Palatka. The properties with the highest average prices have 4 bedrooms. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $124 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $220,379 it is 71 % cheaper than the average price in Palatka. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $143,898 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $117 / sq.feet followed by "House" priced at $131 / sq.feet. "Land" is the most costly type of property with a $31,667 / sq.feet cost followed by "House" with an average price of $131 / sq.feet.