Property prices for sale in Palestine (Texas)
The prices in real estate in Palestine, in the Texas 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 Palestine has increased strongly during the last 6 months. In November, the average price per sq.feet was $219. In the following month the price per sq.feet decreased to $208. In the following two months the price per sq.feet has increased 115 %, going from $213.5 to $245.5 per sq.feet. The price per sq.feet has had a considerable increase of 388 % 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 $229.5 to $890 during March, and April.
Based upon to the price in Palestine (cities), this has fallen considerably in the last 6 months. The average price for November is $404,390. During December the price had a considerable reduction till $341,051. In the following two months the average price has remained the same with regard to the previous two months from $372,720.5 to $374,250.5. During the last two months the average price has had a strong fall compared to the previous four going from $373,485.5 to $297,340.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $282,611 they are 19 % more affordable than the average price for Palestine. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 1 bedroom priced at $298,413.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $234 / sq.feet price in Palestine. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $195 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $282,611 it is 19 % cheaper than the average price in Palestine. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $465,698 it is 155 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $184 / sq.feet followed by "House" priced at $188 / sq.feet. "Land" is the most costly type of property with a $18,718 / sq.feet cost followed by "Commercial" with an average price of $229 / sq.feet.
