Property prices for sale in Palm Beach (Florida)
The prices in real estate in 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 Palm Beach has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,970. In the following month the price per sq.feet increased considerably to $2,412. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has increased 107 % 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 $2,414.25 to $2,589 during February, and March.
Based upon to the price in Palm Beach (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $1,327,547. In November This price remains at $1,298,259. During the following two months (December, January) the average price had a considerable increase of 122 % 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 108 % 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 $1,827,907 they are 63 % more affordable than the average price for Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,262,141.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $513 / sq.feet, with an average $2,999 / sq.feet price in Palm Beach. The properties with the lowest average prices have 1 bedroom. They are 72 % cheaper than the average followed by properties with 4 bedrooms with a price at $663 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,827,907 it is 85 % cheaper than the average price in Palm Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $2,346,979 it is 1236 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $882 / sq.feet followed by "Apartment" priced at $1,221 / sq.feet. "Land" is the most costly type of property with a $20,020,934 / sq.feet cost followed by "Villa" with an average price of $6,830 / sq.feet.
