The prices in real estate in Palm Beach, in the Florida region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Palm Beach has remained the same in the last 6 months. In September, the average price per sq.feet was $2,262. In the following month the price per sq.feet decreased to $1,970. The price for the following two months in (November, December) had a considerable increment of 119 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $2,315.75 to $2,417.5 during January y February
Based upon to the price in Palm Beach (cities), these have remained the same in the last 6 months. The average price for September is $1,401,920. During October the price had a slight fall till $1,327,547. In the following two months the average price has remained the same with regard to the previous two months from $1,364,733.5 to $1,363,163. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,328,692 they are 45 % more affordable than the average price for Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 70 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,248,727.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $493 / sq.feet, with an average $2,179 / sq.feet price in Palm Beach. The properties with the lowest average prices have 1 bedroom. They are 55 % cheaper than the average followed by properties with 4 bedrooms with a price at $644 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,328,692 it is 97 % cheaper than the average price in Palm Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $2,337,019 it is 76 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $33 / sq.feet followed by "Detached House" priced at $609 / sq.feet. "Villa" is the most costly type of property with a $7,528 / sq.feet cost followed by "House" with an average price of $1,823 / sq.feet.