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 April, the average price per sq.feet was $89. In the following month the price per sq.feet increased considerably to $115. The price for the following two months in (June, July) had a considerable increment of 118 %. The price per sq.feet has decreased 88 % 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 $111.25 to $97.5 during August, and September.
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 April, is $152,167. During May the price went through a considerable rise reaching $235,696. During the following two months (June, July) the average price had a considerable increase of 129 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $222,291.25 to $171,545.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $160,643 they are 27 % more affordable than the average price for Palatka. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 2 bedrooms priced at $167,894.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $98 / sq.feet price in Palatka. The properties with the highest average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $160,643 it is 87 % cheaper than the average price in Palatka. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $145,497 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $7 / sq.feet followed by "House" priced at $103 / sq.feet. "Apartment" is the most costly type of property with a $128 / sq.feet cost followed by "House" with an average price of $103 / sq.feet.