The prices in real estate in Palm City, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Palm City has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $268. In the following month the price per sq.feet decreased to $250. The price for the following two months in (June, July) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % 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 $250.5 to $191.5 during August, and September.
Based upon to the price in Palm City (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $690,244. In May This price remains at $656,233. In the following two months the average price has remained the same with regard to the previous two months from $673,238.5 to $666,485. During the last two months the average price has had a strong fall compared to the previous four going from $669,861.75 to $477,523, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $447,980 they are 46 % more affordable than the average price for Palm City. The properties with the highest average price have 1 bedroom, Their price is 35 % more costly than the average. After that we have properties with 4 bedrooms priced at $594,349.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $146 / sq.feet, with an average $185 / sq.feet price in Palm City. The properties with the highest average prices have 3 bedrooms. They are 1 % more expensive than the average followed by properties with 1 bedroom with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $447,980 it is 1 % more expensive than the average price in Palm City. "Condo" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $495,400 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $155 / sq.feet followed by "Condo" priced at $163 / sq.feet. "House" is the cheapest type of property with a $169 / sq.feet value followed by "Condo" with an average price of $163 / sq.feet.